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2022
Flag → Flag
Exports $577MRnk 60 / 211
2022
Flag → Flag
Top Product $377MCars
2022
Flag → Flag
Exports $22.2MRnk 10 / 113
2022
Flag → Flag
Top Product $3.53MFeldspar
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
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GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 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

Japan-Mongolia Trade: In 2022, Japan exported $577M to Mongolia. The main products that Japan exported to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). Over the past 5 years the exports of Japan to Mongolia have increased at an annualized rate of 8.82%, from $378M in 2017 to $577M in 2022.

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

Mongolia-Japan Trade: In 2022, Mongolia exported $22.2M to Japan. The main products that Mongolia exported to Japan were Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). Over the past 5 years the exports of Mongolia to Japan have decreased at an annualized rate of 8.11%,  from $33.9M in 2017 to $22.2M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported ¥12.5B and imported ¥363M from Mongolia, resulting in a positive trade balance of ¥12.2B. Between August 2023 and August 2024 the exports of Japan have increased by ¥2.99B (31.2%) from ¥9.56B to ¥12.5B, while imports increased by ¥176M (93.7%) from ¥187M to ¥363M.

Trade In August 2024, the top exports of Japan to Mongolia were Cars (¥2.27B), Passenger and Cargo Ships (¥226M), Large Construction Vehicles (¥170M), Delivery Trucks (¥108M), and Motor vehicles; parts and accessories (8701... (¥102M). In August 2024 the top imports of Japan from Mongolia were Electric Furnaces (¥47.9M), Other Mineral (¥34.8M), Feldspar (¥20.5M), Other Engines (¥19.9M), and Animal Organs (¥15.4M).

Origins In August 2024 the exports of Japan were mainly from Kanagawa (¥4.24B), Aichi (¥3.49B), Ibaraki (¥1.67B), Osaka (¥1.2B), and Fukuoka (¥945M), while imports destinations were mainly Aichi (¥142M), Chiba (¥77.4M), Osaka (¥70.7M), Kanagawa (¥40.8M), and Hyōgo (¥13.2M).

Growth In August 2024, the increase in Japan's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Buses (¥47.6M or 251%), Other Plastic Products (¥23.1M or 584%), and Refined Petroleum (¥18.5M or 1.08k%). In August 2024, the increase in Japan's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in Other Mineral (¥22.8M or 190%), Carded Wool or Animal Hair Fabric (¥7.18M or 285%), and Electric Furnaces (¥5.99M or 14.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥2.99B(31.2%)
IMPORT GROWTH (August 2023 - August 2024)¥176M(93.7%)
MAIN EXPORTER (August 2024)Kanagawa¥4.24B

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $577M to Mongolia. The main products exported from Japan to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). During the last 5 years the exports of Japan to Mongolia have increased at an annualized rate of 8.82%, from $378M in 2017 to $577M in 2022.

In 2017, Mongolia exported $22.2M to Japan. The main products exported from Mongolia to Japan were Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). During the last 5 years the exports of Mongolia to Japan have decreased at an annualized rate of 8.11%, from $33.9M in 2022 to $22.2M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Japan than Mongolia included United States ($137B), China ($135B), and South Korea ($50.8B).

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

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

Comparative Advantage Japan - Mongolia

Flow
Scale

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

During 2022, Japan had a large net trade with Mongolia in the exports of Transportation ($454M), Machines ($44.2M), and Plastics and Rubbers ($26.8M).

During 2017, Mongolia had a large net trade with Japan in the exports of Machines ($5.64M), Mineral Products ($5.43M), and Textiles ($4.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Mongolia+$14.7MRefined Petroleum
Top Product Potential Mongolia Japan+$1.89MKnit 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 Japan and Mongolia. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Japan.

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

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