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Pricing

2022
Flag → Flag
Exports $18.3MRnk 135 / 215
2022
Flag → Flag
Top Product $2.59MExcavation Machinery
2022
Flag → Flag
Exports $2.27MRnk 25 / 113
2022
Flag → Flag
Top Product $462kPrefabricated Buildings
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Canada-Mongolia Trade: In 2022, Canada exported $18.3M to Mongolia. The main products that Canada exported to Mongolia were Excavation Machinery ($2.59M), Other Organo-Inorganic Compounds ($2.32M), and Cars ($2.27M). Over the past 5 years the exports of Canada to Mongolia have decreased at an annualized rate of 12.3%, from $35.3M in 2017 to $18.3M in 2022.

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

Mongolia-Canada Trade: In 2022, Mongolia exported $2.27M to Canada. The main products that Mongolia exported to Canada were Prefabricated Buildings ($462k), Spark-Ignition Engines ($325k), and Utility Meters ($268k). Over the past 5 years the exports of Mongolia to Canada have decreased at an annualized rate of 3.45%,  from $2.71M in 2017 to $2.27M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$1.82M and imported C$155k from Mongolia, resulting in a positive trade balance of C$1.67M. Between August 2023 and August 2024 the exports of Canada have increased by C$670k (58.1%) from C$1.15M to C$1.82M, while imports increased by C$60.2k (63.5%) from C$94.8k to C$155k.

Trade In August 2024, the top exports of Canada to Mongolia were Excavation Machinery (C$542k), Poultry (C$188k), Broadcasting Equipment (C$185k), Cars (C$116k), and Surveying Equipment (C$76.5k). In August 2024 the top imports of Canada from Mongolia were Utility Meters (C$553k), Knit Sweaters (C$74.9k), Trunks and Cases (C$7.88k), Collector's Items (C$3.48k), and Other Cloth Articles (C$2.73k).

Origins In August 2024 the exports of Canada were mainly from Quebec (C$808k), Ontario (C$720k), British Columbia (C$241k), Alberta (C$38.3k), and Saskatchewan (C$17.8k), while imports destinations were mainly British Columbia (C$112k), Ontario (C$42.7k), Quebec (C$470), and Alberta (C$34).

Growth In August 2024, the increase in Canada's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Excavation Machinery (C$488k or 891%) and Cars (C$2.26k or 1.99%). In August 2024, the increase in Canada's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in Knit Sweaters (C$18.8k or 33.6%), Knit T-shirts (C$1.9k or 986%), and Blankets (C$171 or 63.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$670k(58.1%)
IMPORT GROWTH (August 2023 - August 2024)C$60.2k(63.5%)
MAIN EXPORTER (August 2024)QuebecC$808k

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $18.3M to Mongolia. The main products exported from Canada to Mongolia were Excavation Machinery ($2.59M), Other Organo-Inorganic Compounds ($2.32M), and Cars ($2.27M). During the last 5 years the exports of Canada to Mongolia have decreased at an annualized rate of 12.3%, from $35.3M in 2017 to $18.3M in 2022.

In 2017, Mongolia exported $2.27M to Canada. The main products exported from Mongolia to Canada were Prefabricated Buildings ($462k), Spark-Ignition Engines ($325k), and Utility Meters ($268k). During the last 5 years the exports of Mongolia to Canada have decreased at an annualized rate of 3.45%, from $2.71M in 2022 to $2.27M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationN/AN/A
Mongolia
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Canada - Mongolia

Flow
Scale

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

During 2022, Canada had a large net trade with Mongolia in the exports of Machines ($7.86M), Chemical Products ($4.77M), and Transportation ($2.8M).

During 2017, Mongolia had a large net trade with Canada in the exports of Textiles ($498k), Machines ($495k), and Miscellaneous ($470k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Mongolia+$4.26MCars
Top Product Potential Mongolia Canada+$415kKnit Sweaters

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

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

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