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2022
Flag → Flag
Exports $10MRnk 137 / 218
2022
Flag → Flag
Top Product $1.98MCheese
2022
Flag → Flag
Exports $289kRnk 50 / 113
2022
Flag → Flag
Top Product $191kGas Turbines
2022
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Economic Complexity (ECI) ECI 1.01Rnk 23 / 124
2022
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Economic Complexity (ECI) ECI -1.14Rnk 110 / 124
2022
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GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
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 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
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GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
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GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Denmark-Mongolia In 2022, Denmark exported $10M to Mongolia. The main products that Denmark exported to Mongolia are Cheese ($1.98M), Packaged Medicaments ($826k), and Liquid Pumps ($693k). During the last 27 years the exports of Denmark to Mongolia have increased at an annualized rate of 9.46%, from $873k in 1995 to $10M in 2022.

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

Mongolia-Denmark In 2022, Mongolia exported $289k to Denmark. The main products that Mongolia exported to Denmark were Gas Turbines ($191k), Aircraft Parts ($19.9k), and Knit Sweaters ($19.9k). During the last 27 years the exports of Mongolia to Denmark have increased at an annualized rate of 4.51%, from $87.9k in 1995 to $289k in 2022.

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

Comparison In 2022,  Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $10M to Mongolia. The main products exported from Denmark to Mongolia were Cheese ($1.98M), Packaged Medicaments ($826k), and Liquid Pumps ($693k). During the last 27 years the exports of Denmark to Mongolia have increased at an annualized rate of 9.46%, from $873k in 1995 to $10M in 2022.

In 2022, Mongolia exported $289k to Denmark. The main products exported from Mongolia to Denmark were Gas Turbines ($191k), Aircraft Parts ($19.9k), and Knit Sweaters ($19.9k). During the last 27 years the exports of Mongolia to Denmark have increased at an annualized rate of 4.51%, from $87.9k in 1995 to $289k in 2022.

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

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

Latest Data

Trade between Denmark (Flag) and Mongolia (Flag)

Denmark Exports

Mongolia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Mongolia
Top DestinationChina$10.6B

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

In 2021, countries that imported more from Denmark than Mongolia were Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2021, countries that imported more from Mongolia than Denmark were China ($10.6B) and Switzerland ($1.98B).

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

Comparative Advantage Denmark - Mongolia

Flow
Scale

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

During 2022, Denmark had a large net trade with Mongolia in the exports of Machines ($2.37M), Animal Products ($2.23M), and Chemical Products ($1.95M).

During 2022, Mongolia had a large net trade with Denmark in the exports of Machines ($201k), Textiles ($46.5k), and Transportation ($19.9k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Denmark.

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

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