2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Belarus-Mongolia Trade: In 2022, Belarus exported $42.6M to Mongolia. The main products that Belarus exported to Mongolia were N/A. Over the past 5 years the exports of Belarus to Mongolia have increased at an annualized rate of 23.6%, from $14.8M in 2017 to $42.6M in 2022.

In 2014, Belarus exported services to Mongolia worth $151k, with Insurance services ($151k) and Government services, n.i.e. ($300) being the largest in terms of value.

Mongolia-Belarus Trade: In 2022, Mongolia exported $375k to Belarus. The main products that Mongolia exported to Belarus were N/A. Over the past 5 years the exports of Mongolia to Belarus have increased at an annualized rate of 25.1%,  from $123k in 2017 to $375k in 2022.

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

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). 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, Belarus exported $42.6M to Mongolia. There were not main exports from Belarus to Mongolia in 2022. During the last 5 years the exports of Belarus to Mongolia have increased at an annualized rate of 23.6%, from $14.8M in 2017 to $42.6M in 2022.

In 2017, Mongolia exported $375k to Belarus. There were not main exports from Mongolia to Belarus in 2017. During the last 5 years the exports of Mongolia to Belarus have increased at an annualized rate of 25.1%, from $123k in 2022 to $375k in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Mongolia (Flag)

Belarus Exports

Mongolia Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Belarus than Mongolia included Kazakhstan ($757M), Uzbekistan ($509M), and Poland ($449M).

In 2023, countries that imported more from Mongolia than Belarus included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).

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

Comparative Advantage Belarus - Mongolia

Flow
Scale

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

During 2022, Belarus had a large net trade with Mongolia in the exports of .

During 2017, Mongolia had a large net trade with Belarus in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Mongolia+$347kRefined Petroleum
Top Product Potential Mongolia Belarus+$201kCars

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 Belarus and Mongolia. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Belarus.

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

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