Georgia (GEO) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Georgia-Mongolia Trade: In 2022, Georgia exported $2.63M to Mongolia. The main products that Georgia exported to Mongolia were Wine ($1.59M), Tea ($501k), and Packaged Medicaments ($88.9k). Over the past 5 years the exports of Georgia to Mongolia have increased at an annualized rate of 17.4%, from $1.18M in 2017 to $2.63M in 2022.

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

Mongolia-Georgia In N/A, Mongolia did not export any products to Georgia.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $2.63M to Mongolia. The main products exported from Georgia to Mongolia were Wine ($1.59M), Tea ($501k), and Packaged Medicaments ($88.9k). During the last 5 years the exports of Georgia to Mongolia have increased at an annualized rate of 17.4%, from $1.18M in 2017 to $2.63M in 2022.

Mongolia does not register exports to Georgia.

Exports from Georgia () to Mongolia () (2022)

Exports from Mongolia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Mongolia ()

Georgia Exports

Date

Mongolia Exports

Date

Dec 2019

Aug 2017

Oct 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Georgia than Mongolia included Azerbaijan ($668M), Armenia ($571M), and Russia ($642M).

In 2022, countries that imported more from Mongolia than Georgia included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

Difference in imports from Mongolia () and Georgia () (2022)

Comparative Advantage Georgia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Mongolia in the exports of Foodstuffs ($1.89M), Vegetable Products ($512k), and Chemical Products ($101k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Mongolia+$54kPackaged Medicaments

Top Product Potential Mongolia Georgia+$3.2kCopper Ore

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

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Historical Data

Bilateral Trade by Products

Exports from Georgia () to Mongolia () (2022)

Exports from Mongolia () to Georgia () (2022)

Latest Data

Trade between Georgia () and Mongolia ()

Georgia Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Georgia () (2022)

Comparative Advantage Georgia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Mongolia () (2022)

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