Bangladesh (BGD) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Bangladesh-Mongolia Trade: In 2022, Bangladesh exported $9.37M to Mongolia. The main products that Bangladesh exported to Mongolia were Knit Sweaters ($1.23M), Knit T-shirts ($1.07M), and Non-Knit Women's Suits ($946k). Over the past 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.92%, from $6.71M in 2017 to $9.37M in 2022.

In 2022, Bangladesh did not export any services to Mongolia.

Mongolia-Bangladesh Trade: In 2022, Mongolia exported $550 to Bangladesh. The main products that Mongolia exported to Bangladesh were N/A. Over the past 5 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 60.6%, from $57.9k in 2017 to $550 in 2022.

In 2022, Mongolia did not export any services to Bangladesh.

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $9.37M to Mongolia. The main products exported from Bangladesh to Mongolia were Knit Sweaters ($1.23M), Knit T-shirts ($1.07M), and Non-Knit Women's Suits ($946k). During the last 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.92%, from $6.71M in 2017 to $9.37M in 2022.

In 2014, Mongolia exported $550 to Bangladesh. There were not main exports from Mongolia to Bangladesh in 2014. During the last 5 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 60.6%, from $57.9k in 2019 to $550 in 2014.

Exports from Bangladesh () to Mongolia () (2022)

Exports from Mongolia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Mongolia ()

Mongolia Exports

Date

Sep 2019

Mar 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Mongolia
Top DestinationChina$10.6B

This map shows whether countries import more from Bangladesh or Mongolia. Each country is colored based on the difference in imports they receive from Bangladesh and Mongolia or the difference in the growth in imports.

In 2022, countries that imported more from Bangladesh than Mongolia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Mongolia than Bangladesh included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bangladesh and Mongolia by product, considering products traded by both, Bangladesh and Mongolia.

During 2022, Bangladesh had a large net trade with Mongolia in the exports of Textiles ($7.36M), Footwear and Headwear ($1.01M), and Foodstuffs ($490k).

During 2014, Mongolia had a large net trade with Bangladesh in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Mongolia+$1.43MKnit Sweaters

Top Product Potential Mongolia Bangladesh+$6.75kCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Mongolia. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Mongolia () (2022)

Exports from Mongolia () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Mongolia ()

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Mongolia () (2022)

Keep Exploring