France (FRA) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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France-Mongolia Trade: In 2023, France exported $66.3M to Mongolia. The main products that France exported to Mongolia were Excavation Machinery ($18.2M), Large Construction Vehicles ($4.01M), and Beauty Products ($3.76M). Over the past 5 years the exports of France to Mongolia have increased at an annualized rate of 11.5%, from $38.5M in 2018 to $66.3M in 2023.

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

Mongolia-France Trade: In 2023, Mongolia exported $11.1M to France. The main products that Mongolia exported to France were Knit Sweaters ($5.7M), Animal Hair ($1.87M), and Knit Women's Coats ($729k). Over the past 5 years the exports of Mongolia to France have increased at an annualized rate of 10%, from $6.23M in 2018 to $11.1M in 2023.

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

Comparison: In 2023, France ranked 16 in the Economic Complexity Index (ECI 1.34), and 7 in total exports ($635B). 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, France exported $66.3M to Mongolia. The main products exported from France to Mongolia were Excavation Machinery ($18.2M), Large Construction Vehicles ($4.01M), and Beauty Products ($3.76M). During the last 5 years the exports of France to Mongolia have increased at an annualized rate of 11.5%, from $38.5M in 2018 to $66.3M in 2023.

In 2018, Mongolia exported $11.1M to France. The main products exported from Mongolia to France were Knit Sweaters ($5.7M), Animal Hair ($1.87M), and Knit Women's Coats ($729k). During the last 5 years the exports of Mongolia to France have increased at an annualized rate of 10%, from $6.23M in 2023 to $11.1M in 2018.

Exports from France () to Mongolia () (2023)

Exports from Mongolia () to France () (2023)

Latest Data

Trade between France () and Mongolia ()

France Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

France
Top DestinationGermany$72.8B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from France than Mongolia included Germany ($72.8B), Italy ($56.3B), and United States ($51.2B).

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

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

Comparative Advantage France - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, France had a large net trade with Mongolia in the exports of Machines ($33.3M), Chemical Products ($9.75M), and Foodstuffs ($7.55M).

During 2018, Mongolia had a large net trade with France in the exports of Textiles ($9.81M), Miscellaneous ($329k), and Footwear and Headwear ($293k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential France Mongolia+$3.54MPackaged Medicaments

Top Product Potential Mongolia France+$2.19MKnit 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 France and Mongolia. This means that a dot/product with the flag of France indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over France.

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Historical Data

Bilateral Trade by Products

Exports from France () to Mongolia () (2023)

Exports from Mongolia () to France () (2023)

Latest Data

Trade between France () and Mongolia ()

France Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage France - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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