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Pricing

2022
Flag → Flag
Exports $6.13MRnk 172 / 223
2022
Flag → Flag
Top Product $1.1MRaw Sugar
2022
Flag → Flag
Exports $788kRnk 38 / 113
2022
Flag → Flag
Top Product $249kAlkali, alkaline-earth, rare-earth metals, scandium, yttrium, and mercury
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Brazil-Mongolia Trade: In 2022, Brazil exported $6.13M to Mongolia. The main products that Brazil exported to Mongolia were Raw Sugar ($1.1M), Confectionery Sugar ($1.04M), and Fruit Juice ($998k). Over the past 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 1.71%, from $6.68M in 2017 to $6.13M in 2022.

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

Mongolia-Brazil Trade: In 2022, Mongolia exported $788k to Brazil. The main products that Mongolia exported to Brazil were Alkali, alkaline-earth, rare-earth metals, scandium, yttrium, and mercury ($249k), Carboxyamide Compounds ($170k), and Carbonates ($132k). Over the past 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 55.5%,  from $86.6k in 2017 to $788k in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Brazil exported $371k and imported $72.3k from Mongolia, resulting in a positive trade balance of $299k. Between November 2023 and November 2024 the exports of Brazil have increased by $95.6k (34.7%) from $275k to $371k, while imports decreased by $-63.1k (-46.6%) from $135k to $72.3k.

Trade In November 2024, the top exports of Brazil to Mongolia were Stone Processing Machines ($35.1k) and Packaged Medicaments ($10.3k). In November 2024 the top imports of Brazil from Mongolia were Carboxyamide Compounds ($166k) and Natural Polymers ($1.28k).

Origins In November 2024 the exports of Brazil were mainly from São Paulo ($186k), Rio de Janeiro ($110k), and Rio Grande do Sul ($75.4k), while imports destinations were mainly Santa Catarina ($67.9k) and São Paulo ($4.38k).

Growth In November 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 (November 2023 - November 2024)$95.6k(34.7%)
IMPORT GROWTH (November 2023 - November 2024)$-63.1k(-46.6%)
MAIN EXPORTER (November 2024)São Paulo$186k

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 2022, Brazil exported $6.13M to Mongolia. The main products exported from Brazil to Mongolia were Raw Sugar ($1.1M), Confectionery Sugar ($1.04M), and Fruit Juice ($998k). During the last 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 1.71%, from $6.68M in 2017 to $6.13M in 2022.

In 2017, Mongolia exported $788k to Brazil. The main products exported from Mongolia to Brazil were Alkali, alkaline-earth, rare-earth metals, scandium, yttrium, and mercury ($249k), Carboxyamide Compounds ($170k), and Carbonates ($132k). During the last 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 55.5%, from $86.6k in 2022 to $788k in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Mongolia
Top DestinationChina$10.6B

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 2022, countries that imported more from Brazil than Mongolia included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Mongolia than Brazil included Switzerland ($1.98B).

Difference in imports from Mongolia (Flag) and Brazil (Flag) (2022)

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 2022, Brazil had a large net trade with Mongolia in the exports of Foodstuffs ($3.35M), Machines ($1.01M), and Vegetable Products ($648k).

During 2017, Mongolia had a large net trade with Brazil in the exports of Chemical Products ($783k), Plastics and Rubbers ($2.35k), and Textiles ($1.67k).

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) (2022)

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