Iran (IRN) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Iran-Mongolia Trade: In 2022, Iran exported $1.29M to Mongolia. The main products that Iran exported to Mongolia were Tropical Fruits ($454k), Grapes ($201k), and Sodium or Potassium Peroxides ($117k). Over the past 5 years the exports of Iran to Mongolia have increased at an annualized rate of 19.9%, from $520k in 2017 to $1.29M in 2022.

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

Mongolia-Iran Trade: In 2022, Mongolia exported $7.39M to Iran. The main products that Mongolia exported to Iran were Sheep and Goat Meat ($7.28M), Non-Retail Carded Wool Yarn ($99k), and Edible Offal ($10k). Over the past 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.61%, from $8.44M in 2017 to $7.39M in 2022.

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

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $1.29M to Mongolia. The main products exported from Iran to Mongolia were Tropical Fruits ($454k), Grapes ($201k), and Sodium or Potassium Peroxides ($117k). During the last 5 years the exports of Iran to Mongolia have increased at an annualized rate of 19.9%, from $520k in 2017 to $1.29M in 2022.

In 2017, Mongolia exported $7.39M to Iran. The main products exported from Mongolia to Iran were Sheep and Goat Meat ($7.28M), Non-Retail Carded Wool Yarn ($99k), and Edible Offal ($10k). During the last 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.61%, from $8.44M in 2022 to $7.39M in 2017.

Exports from Iran () to Mongolia () (2022)

Exports from Mongolia () to Iran () (2022)

Latest Data

Trade between Iran () and Mongolia ()

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Iran than Mongolia included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

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

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

Comparative Advantage Iran - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Mongolia in the exports of Vegetable Products ($902k), Foodstuffs ($167k), and Chemical Products ($125k).

During 2017, Mongolia had a large net trade with Iran in the exports of Animal Products ($7.29M) and Textiles ($99k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Mongolia+$98.2kBaked Goods

Top Product Potential Mongolia Iran+$3.8kCoal 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

Year

This visualization shows the product space at the HS4 level with the flags of Iran and Mongolia. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Mongolia () (2022)

Exports from Mongolia () to Iran () (2022)

Latest Data

Trade between Iran () and Mongolia ()

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Iran - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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