GDP$17.4BCURRENT US$Rnk 124 / 186 GDP GROWTH56.2%CURRENT US$Rnk 48 / 186
GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186 GDP PC $1,303CURRENT US$Rnk 161 / 186GDP PC GROWTH17.1%CURRENT US$Rnk 95 / 186GDP PC$4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186In N/A, Benin did not export any services to Mongolia.
Mongolia-Benin In N/A, Mongolia did not export any products to Benin.
In N/A, Mongolia did not export any services to Benin.
Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).
This map shows whether countries import more from Benin or Mongolia. Each country is colored based on the difference in imports they receive from Benin and Mongolia or the difference in the growth in imports.
In 2022, countries that imported more from Benin than Mongolia included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).
In 2022, countries that imported more from Mongolia than Benin included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
) and Benin () (2022)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Benin and Mongolia. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Benin.
) and Mongolia () (2017)
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