2023
Flag  
GDP
$514BCURRENT US$
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2013-2023
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GDP GROWTH
72.6%CURRENT US$
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2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
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2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
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GDP PC GROWTH
34.5%CURRENT US$
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About

Israel-Mongolia Trade: In 2022, Israel exported $1.23M to Mongolia. The main products that Israel exported to Mongolia were N/A. Over the past 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 2%, from $1.36M in 2017 to $1.23M in 2022.

In 2012, Israel exported services to Mongolia worth $8.28M, with Computer and information services ($8.28M) being the largest in terms of value.

Mongolia-Israel Trade: In 2022, Mongolia exported $92k to Israel. The main products that Mongolia exported to Israel were Other Nuts ($76k), Knit Sweaters ($7k), and Knit Men's Suits ($3k). Over the past 5 years the exports of Mongolia to Israel have increased at an annualized rate of 0.42%,  from $90.1k in 2017 to $92k in 2022.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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
Value

In 2022, Israel exported $1.23M to Mongolia. There were not main exports from Israel to Mongolia in 2022. During the last 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 2%, from $1.36M in 2017 to $1.23M in 2022.

In 2018, Mongolia exported $92k to Israel. The main products exported from Mongolia to Israel were Other Nuts ($76k), Knit Sweaters ($7k), and Knit Men's Suits ($3k). During the last 5 years the exports of Mongolia to Israel have increased at an annualized rate of 0.42%, from $90.1k in 2023 to $92k in 2018.

Exports from Israel (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to Israel (Flag) (2023)

Latest Data

Trade between Israel (Flag) and Mongolia (Flag)

Israel Exports

Date

Mongolia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Israel than Mongolia included United States ($20.3B), Ireland ($4.22B), and Germany ($2.75B).

In 2023, countries that imported more from Mongolia than Israel included China ($13.1B), Switzerland ($842M), and Saudi Arabia ($649k).

Difference in imports from Mongolia (Flag) and Israel (Flag) (2023)

Comparative Advantage Israel - Mongolia

Flow
Scale

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

During 2022, Israel had a large net trade with Mongolia in the exports of .

During 2018, Mongolia had a large net trade with Israel in the exports of Vegetable Products ($76k), Textiles ($15k), and Arts and Antiques ($1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Mongolia+$236kTelephones
Top Product Potential Mongolia Israel+$22.3kKnit Sweaters

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

Product Space of Israel (Flag) and Mongolia (Flag) (2023)

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