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Pricing

2023
Flag → Flag
Exports $12.1MRnk 161 / 220
2023
Flag → Flag
Top Product $1.43MRubber Tires
2023
Flag → Flag
Exports $2.12MRnk 24 / 101
2023
Flag → Flag
Top Product $1.53MAnimal Organs
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Spain-Mongolia Trade: In 2023, Spain exported $12.1M to Mongolia. The main products that Spain exported to Mongolia were Rubber Tires ($1.43M), Stone Processing Machines ($1.28M), and Excavation Machinery ($890k). Over the past 5 years the exports of Spain to Mongolia have decreased at an annualized rate of 7.82%, from $18.2M in 2018 to $12.1M in 2023.

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

Mongolia-Spain Trade: In 2023, Mongolia exported $2.12M to Spain. The main products that Mongolia exported to Spain were Animal Organs ($1.53M), Prefabricated Buildings ($198k), and Knit Sweaters ($183k). Over the past 5 years the exports of Mongolia to Spain have increased at an annualized rate of 19.4%,  from $875k in 2018 to $2.12M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €752k and imported €90.9k from Mongolia, resulting in a positive trade balance of €661k. Between December 2023 and December 2024 the exports of Spain have increased by €58.1k (8.38%) from €694k to €752k, while imports decreased by €-79.3k (-46.6%) from €170k to €90.9k.

Trade In December 2024, the top exports of Spain to Mongolia were Rubber Tires (€499k), Excavation Machinery (€171k), Confectionery Sugar (€77.8k), Perfumes (€68k), and Milk (€58k). In December 2024 the top imports of Spain from Mongolia were Animal Organs (€499k), Knit Sweaters (€16.8k), Knit Women's Shirts (€2.31k), Knit Socks and Hosiery (€1.43k), and Knit Women's Suits (€1.3k).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€264k), Lleida (€106k), Burgos (€83.8k), Valencia (€62.5k), and Navarra (€44k), while imports destinations were mainly Valladolid (€35k), Madrid (€20.7k), Málaga (€19.2k), Barcelona (€10.1k), and Álava (€2.79k).

Growth In December 2024, the increase in Spain's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Rubber Tires (€222k or 80.3%), Lubricating Products (€20.2k or 253%), and Leather Footwear (€12.7k or 410%). In December 2024, the decrease in Spain's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Animal Organs (€-5.2k or -1.03%), Non-Knit Women's Shirts (€-612 or -81.9%), and Knit Women's Suits (€-296 or -18.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€58.1k(8.38%)
IMPORT GROWTH (December 2023 - December 2024)€-79.3k(-46.6%)
MAIN EXPORTER (December 2024)Barcelona€264k

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $12.1M to Mongolia. The main products exported from Spain to Mongolia were Rubber Tires ($1.43M), Stone Processing Machines ($1.28M), and Excavation Machinery ($890k). During the last 5 years the exports of Spain to Mongolia have decreased at an annualized rate of 7.82%, from $18.2M in 2018 to $12.1M in 2023.

In 2018, Mongolia exported $2.12M to Spain. The main products exported from Mongolia to Spain were Animal Organs ($1.53M), Prefabricated Buildings ($198k), and Knit Sweaters ($183k). During the last 5 years the exports of Mongolia to Spain have increased at an annualized rate of 19.4%, from $875k in 2023 to $2.12M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Spain than Mongolia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Mongolia than Spain included China ($13.1B).

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

Comparative Advantage Spain - Mongolia

Flow
Scale

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

During 2023, Spain had a large net trade with Mongolia in the exports of Machines ($3.08M), Foodstuffs ($2M), and Plastics and Rubbers ($1.96M).

During 2018, Mongolia had a large net trade with Spain in the exports of Animal Products ($1.53M), Textiles ($242k), and Miscellaneous ($198k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Mongolia+$3.06MCars
Top Product Potential Mongolia Spain+$1.39MOther Nuts

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

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

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