Indonesia (IDN) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Indonesia-Mongolia Trade: In 2023, Indonesia exported $10.8M to Mongolia. The main products that Indonesia exported to Mongolia were Packaged Medicaments ($4.99M), Soap ($1.96M), and Video Displays ($1.17M). Over the past 5 years the exports of Indonesia to Mongolia have decreased at an annualized rate of 10.1%, from $18.4M in 2018 to $10.8M in 2023.

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

Mongolia-Indonesia Trade: In 2023, Mongolia exported $5.87M to Indonesia. The main products that Mongolia exported to Indonesia were Feldspar ($5.72M), Carboxyimide Compounds ($120k), and Other Heating Machinery ($17.2k). Over the past 5 years the exports of Mongolia to Indonesia have decreased at an annualized rate of 0.91%, from $6.98M in 2018 to $5.87M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $10.8M to Mongolia. The main products exported from Indonesia to Mongolia were Packaged Medicaments ($4.99M), Soap ($1.96M), and Video Displays ($1.17M). During the last 5 years the exports of Indonesia to Mongolia have decreased at an annualized rate of 10.1%, from $18.4M in 2018 to $10.8M in 2023.

In 2018, Mongolia exported $5.87M to Indonesia. The main products exported from Mongolia to Indonesia were Feldspar ($5.72M), Carboxyimide Compounds ($120k), and Other Heating Machinery ($17.2k). During the last 5 years the exports of Mongolia to Indonesia have decreased at an annualized rate of 0.91%, from $6.98M in 2023 to $5.87M in 2018.

Exports from Indonesia () to Mongolia () (2023)

Exports from Mongolia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Mongolia ()

Indonesia Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Indonesia than Mongolia included China ($70.7B), United States ($27.9B), and India ($24B).

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

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

Comparative Advantage Indonesia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Mongolia in the exports of Chemical Products ($7.12M), Machines ($1.55M), and Foodstuffs ($787k).

During 2018, Mongolia had a large net trade with Indonesia in the exports of Mineral Products ($5.72M), Chemical Products ($120k), and Machines ($24.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Mongolia+$1.6MPalm Oil

Top Product Potential Mongolia Indonesia+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Mongolia () (2023)

Exports from Mongolia () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Mongolia ()

Indonesia Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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