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2023
Flag → Flag
Exports $2.87MRnk 182 / 221
2023
Flag → Flag
Top Product $1.51MRubber Tires
2023
Flag → Flag
Exports $2.67MRnk 20 / 101
2023
Flag → Flag
Top Product $1.72MCarboxyimide Compounds
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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 $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Brazil-Mongolia Trade: In 2023, Brazil exported $2.87M to Mongolia. The main products that Brazil exported to Mongolia were Rubber Tires ($1.51M), Confectionery Sugar ($437k), and Refined Petroleum ($272k). Over the past 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 21%, from $9.29M in 2018 to $2.87M in 2023.

In 2023, Brazil did not export any services to Mongolia.

Mongolia-Brazil Trade: In 2023, Mongolia exported $2.67M to Brazil. The main products that Mongolia exported to Brazil were Carboxyimide Compounds ($1.72M), Carboxyamide Compounds ($604k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($218k). Over the past 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 37.4%,  from $547k in 2018 to $2.67M in 2023.

In 2023, Mongolia did not export any services to Brazil.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $259k and imported $72.3k from Mongolia, resulting in a positive trade balance of $187k. Between December 2023 and December 2024 the exports of Brazil have increased by $245k (1.76k%) from $13.9k to $259k, while imports decreased by $-63.1k (-46.6%) from $135k to $72.3k.

Trade In December 2024, the top exports of Brazil to Mongolia were Fruit Juice ($67.7k), Baked Goods ($48.1k), Confectionery Sugar ($35k), and Orthopedic Appliances ($6.68k). In December 2024 the top imports of Brazil from Mongolia were Carboxyimide Compounds ($825k) and Ketones and Quinones ($85.8k).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($178k), Rio Grande do Sul ($77.8k), and Santa Catarina ($2.69k), while imports destinations were mainly N/A.

Growth In December 2024, the increase in Brazil's year-by-year exports to Mongolia was explained primarily by an increase in product exports in . In November 2024, the decrease in Brazil's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$245k(1.76k%)
IMPORT GROWTH (November 2023 - November 2024)$-63.1k(-46.6%)
MAIN EXPORTER (December 2024)São Paulo$178k

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Mongolia and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $2.87M to Mongolia. The main products exported from Brazil to Mongolia were Rubber Tires ($1.51M), Confectionery Sugar ($437k), and Refined Petroleum ($272k). During the last 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 21%, from $9.29M in 2018 to $2.87M in 2023.

In 2018, Mongolia exported $2.67M to Brazil. The main products exported from Mongolia to Brazil were Carboxyimide Compounds ($1.72M), Carboxyamide Compounds ($604k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($218k). During the last 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 37.4%, from $547k in 2023 to $2.67M in 2018.

Exports from Brazil (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Brazil than Mongolia included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Mongolia than Brazil included Kyrgyzstan ($2.12M).

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

Comparative Advantage Brazil - Mongolia

Flow
Scale

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

During 2023, Brazil had a large net trade with Mongolia in the exports of Plastics and Rubbers ($1.52M), Foodstuffs ($672k), and Mineral Products ($272k).

During 2018, Mongolia had a large net trade with Brazil in the exports of Chemical Products ($2.66M), Instruments ($6.31k), and Plastics and Rubbers ($5.32k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Mongolia+$1.41MRaw Sugar
Top Product Potential Mongolia Brazil+$59.3kSodium or Potassium Peroxides

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

Product Space of Brazil (Flag) and Mongolia (Flag) (2023)

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