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2022
Flag → Flag
Exports $9.43MRnk 127 / 0
2022
Flag → Flag
Exports $550Rnk 55 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Bangladesh-Mongolia Trade: In 2022, Bangladesh exported $9.43M to Mongolia. The main products that Bangladesh exported to Mongolia were N/A. Over the past 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.97%, from $6.73M in 2017 to $9.43M 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 2023,  Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bangladesh exported $9.43M to Mongolia. There were not main exports from Bangladesh to Mongolia in 2022. During the last 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.97%, from $6.73M in 2017 to $9.43M 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 (Flag) to Mongolia (Flag) (2022)

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

Latest Data

Trade between Bangladesh (Flag) and Mongolia (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Mongolia
Top DestinationChina$13.1B

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 2023, countries that imported more from Bangladesh than Mongolia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Mongolia than Bangladesh included China ($13.1B), Burkina Faso ($520k), and Suriname ($52k).

Difference in imports from Mongolia (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Mongolia

Flow
Scale

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 .

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

Potential Exports

Potential Exports

Depth
View
Sort By
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.

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Economic Complexity

Competitive Landscape

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.

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

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