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2022
Flag → Flag
Exports $71.3MRnk 152 / 217
2022
Flag → Flag
Top Product $14MRaw Sugar
2022
Flag → Flag
Exports $962kRnk 35 / 113
2022
Flag → Flag
Top Product $533kPrepared Wool or Animal Hair
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

India-Mongolia Trade: In 2022, India exported $71.3M to Mongolia. The main products that India exported to Mongolia were Raw Sugar ($14M), Broadcasting Equipment ($12.2M), and Packaged Medicaments ($8.79M). Over the past 5 years the exports of India to Mongolia have increased at an annualized rate of 16.6%, from $33.1M in 2017 to $71.3M in 2022.

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

Mongolia-India Trade: In 2022, Mongolia exported $962k to India. The main products that Mongolia exported to India were Prepared Wool or Animal Hair ($533k), Wool ($334k), and Animal Hair ($62k). Over the past 5 years the exports of Mongolia to India have decreased at an annualized rate of 17.2%,  from $3.6M in 2017 to $962k in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $3.9M and imported $31k from Mongolia, resulting in a positive trade balance of $3.86M. Between August 2023 and August 2024 the exports of India have increased by $2.14M (122%) from $1.76M to $3.9M, while imports decreased by $-356k (-92%) from $387k to $31k.

Trade In August 2024, the top exports of India to Mongolia were Ac, Refrigeration Machnry Etc ($489k), Cereal Preparations ($446k), Products Of Iron And Steel ($439k), Electronics Components ($329k), and Drug Formulations, Biologicals ($324k). In August 2024 the top imports of India from Mongolia were Books, Publications And Prntng ($124).

Growth In August 2024, the increase in India's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Cereal Preparations ($445k or 80.2k%), Products Of Iron And Steel ($436k or 12.6k%), and Manmade Yarn,Fabrics,Madeups ($74.9k or 2.32k%). In August 2024, the decrease in India's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$2.14M(122%)
IMPORT GROWTH (August 2023 - August 2024)$-356k(-92%)

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $71.3M to Mongolia. The main products exported from India to Mongolia were Raw Sugar ($14M), Broadcasting Equipment ($12.2M), and Packaged Medicaments ($8.79M). During the last 5 years the exports of India to Mongolia have increased at an annualized rate of 16.6%, from $33.1M in 2017 to $71.3M in 2022.

In 2017, Mongolia exported $962k to India. The main products exported from Mongolia to India were Prepared Wool or Animal Hair ($533k), Wool ($334k), and Animal Hair ($62k). During the last 5 years the exports of Mongolia to India have decreased at an annualized rate of 17.2%, from $3.6M in 2022 to $962k in 2017.

Exports from India (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from India than Mongolia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Mongolia than from India.

Difference in imports from Mongolia (Flag) and India (Flag) (2022)

Comparative Advantage India - Mongolia

Flow
Scale

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

During 2022, India had a large net trade with Mongolia in the exports of Machines ($24.1M), Foodstuffs ($17.9M), and Chemical Products ($12.8M).

During 2017, Mongolia had a large net trade with India in the exports of Textiles ($933k), Machines ($20k), and Foodstuffs ($5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Mongolia+$9.84MTelephones
Top Product Potential Mongolia India+$571kAnimal Hair

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

Product Space of India (Flag) and Mongolia (Flag) (2022)

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