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2023
Flag → Flag
Exports $760MRnk 57 / 211
2023
Flag → Flag
Top Product $578MCars
2023
Flag → Flag
Exports $31.4MRnk 5 / 101
2023
Flag → Flag
Top Product $8.51MSpecial Purpose Ships
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC$5,839CURRENT US$
Rnk 116 / 196
2013-2023
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GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195

About

Japan-Mongolia Trade: In 2023, Japan exported $760M to Mongolia. The main products that Japan exported to Mongolia were Cars ($578M), Passenger and Cargo Ships ($21.3M), and Delivery Trucks ($16.5M). Over the past 5 years the exports of Japan to Mongolia have increased at an annualized rate of 5.36%, from $585M in 2018 to $760M in 2023.

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

Mongolia-Japan In N/A, Mongolia did not export any products to Japan.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥15.3B and imported ¥169M from Mongolia, resulting in a positive trade balance of ¥15.2B. Between November 2023 and November 2024 the exports of Japan have increased by ¥5.34B (53.4%) from ¥10B to ¥15.3B, while imports decreased by ¥-68.4M (-28.8%) from ¥237M to ¥169M.

Trade In November 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 November 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 November 2024 the exports of Japan were mainly from Kanagawa (¥5.53B), Aichi (¥4.8B), Osaka (¥1.54B), Hyōgo (¥1.34B), and Fukuoka (¥959M), while imports destinations were mainly Chiba (¥67.6M), Aichi (¥35.3M), Osaka (¥24.1M), Hyōgo (¥20.5M), and Fukuoka (¥19.3M).

Growth In November 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 November 2024, the decrease in Japan's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Animal Organs (¥-38.1M or -71.2%), Feldspar (¥-10M or -32.8%), and Other Engines (¥-2.44M or -10.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥5.34B(53.4%)
IMPORT GROWTH (November 2023 - November 2024)¥-68.4M(-28.8%)
MAIN EXPORTER (November 2024)Kanagawa¥5.53B

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 2023, Japan exported $760M to Mongolia. The main products exported from Japan to Mongolia were Cars ($578M), Passenger and Cargo Ships ($21.3M), and Delivery Trucks ($16.5M). During the last 5 years the exports of Japan to Mongolia have increased at an annualized rate of 5.36%, from $585M in 2018 to $760M in 2023.

Mongolia does not register exports to Japan. The main products exported from Mongolia to Japan were Special Purpose Ships ($8.51M), Other Mineral ($3.38M), and Other Aluminium Products ($3.32M).

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Mongolia
Top DestinationChina$13.1B

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 2023, countries that imported more from Japan than Mongolia included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

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

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 2023, Japan had a large net trade with Mongolia in the exports of Transportation ($650M), Machines ($44M), and Plastics and Rubbers ($25.8M).

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) (2023)

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