Switzerland (CHE) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Switzerland-Mongolia Trade: In 2023, Switzerland exported $151M to Mongolia. The main products that Switzerland exported to Mongolia were Gold ($127M), Packaged Medicaments ($7.76M), and Base Metal Watches ($4.19M). Over the past 5 years the exports of Switzerland to Mongolia have increased at an annualized rate of 52.8%, from $18.2M in 2018 to $151M in 2023.

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

Mongolia-Switzerland Trade: In 2023, Mongolia exported $842M to Switzerland. The main products that Mongolia exported to Switzerland were Gold ($835M), Silver ($3.07M), and Knit Sweaters ($1.65M). Over the past 5 years the exports of Mongolia to Switzerland have increased at an annualized rate of 2.97%, from $727M in 2018 to $842M in 2023.

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

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $151M to Mongolia. The main products exported from Switzerland to Mongolia were Gold ($127M), Packaged Medicaments ($7.76M), and Base Metal Watches ($4.19M). During the last 5 years the exports of Switzerland to Mongolia have increased at an annualized rate of 52.8%, from $18.2M in 2018 to $151M in 2023.

In 2018, Mongolia exported $842M to Switzerland. The main products exported from Mongolia to Switzerland were Gold ($835M), Silver ($3.07M), and Knit Sweaters ($1.65M). During the last 5 years the exports of Mongolia to Switzerland have increased at an annualized rate of 2.97%, from $727M in 2023 to $842M in 2018.

Exports from Switzerland () to Mongolia () (2023)

Exports from Mongolia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Mongolia ()

Switzerland Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Switzerland than Mongolia included Germany ($53.8B), United States ($45.1B), and China ($47.7B).

In 2023, no countries were registered that imported more from Mongolia than from Switzerland.

Difference in imports from Mongolia () and Switzerland () (2023)

Comparative Advantage Switzerland - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Mongolia in the exports of Precious Metals ($128M), Chemical Products ($11.8M), and Instruments ($6.51M).

During 2018, Mongolia had a large net trade with Switzerland in the exports of Precious Metals ($838M), Textiles ($2.42M), and Vegetable Products ($554k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Mongolia+$4.38MPackaged Medicaments

Top Product Potential Mongolia Switzerland+$491kKnit 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

Year

This visualization shows the product space at the HS4 level with the flags of Switzerland and Mongolia. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Switzerland.

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Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Mongolia () (2023)

Exports from Mongolia () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Mongolia ()

Switzerland Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Switzerland () (2023)

Comparative Advantage Switzerland - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Mongolia () (2023)

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