2023
Flag  
GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Hong Kong-Mongolia Trade: In 2023, Hong Kong exported $38.8M to Mongolia. The main products that Hong Kong exported to Mongolia were N/A. Over the past 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.6%, from $23.4M in 2018 to $38.8M in 2023.

In 2023, Hong Kong did not export any services to Mongolia.

Mongolia-Hong Kong Trade: In 2023, Mongolia exported $2.72M to Hong Kong. The main products that Mongolia exported to Hong Kong were Jewellery ($1.21M), Diamonds ($381k), and Telephones ($253k). Over the past 5 years the exports of Mongolia to Hong Kong have decreased at an annualized rate of 22.3%,  from $12.4M in 2018 to $2.72M in 2023.

In 2023, Mongolia did not export any services to Hong Kong.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Latest Data

Trade between Hong Kong (Flag) and Mongolia (Flag)

Hong Kong Exports

Mongolia Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$25.3B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Hong Kong than Mongolia included Vietnam ($14.4B), China ($25.3B), and South Korea ($9.5B).

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

Difference in imports from Mongolia (Flag) and Hong Kong (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
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Top Product Potential Hong Kong Mongolia+$1.89MComputers
Top Product Potential Mongolia Hong Kong+$12.4MCoal Briquettes

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

Product Space of Hong Kong (Flag) and Mongolia (Flag) (NaN)

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