2023
Flag  
GDP
$14BCURRENT US$
Rnk 141 / 195
2013-2023
Flag
GDP GROWTH
90.7%CURRENT US$
Rnk 20 / 195
2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$1,970CURRENT US$
Rnk 159 / 195
2013-2023
Flag
GDP PC GROWTH
55.2%CURRENT US$
Rnk 39 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Kyrgyzstan-Mongolia Trade: In 2023, Kyrgyzstan exported $1.71M to Mongolia. The main products that Kyrgyzstan exported to Mongolia were Cars ($588k), Baked Goods ($389k), and Hair Products ($213k). Over the past 5 years the exports of Kyrgyzstan to Mongolia have decreased at an annualized rate of 6.48%, from $2.4M in 2018 to $1.71M in 2023.

In 2009, Kyrgyzstan exported services to Mongolia worth $0, with being the largest in terms of value.

Mongolia-Kyrgyzstan Trade: In 2023, Mongolia exported $2.12M to Kyrgyzstan. The main products that Mongolia exported to Kyrgyzstan were Cars ($1.81M), Delivery Trucks ($73.1k), and Horse Meat ($70.2k). Over the past 5 years the exports of Mongolia to Kyrgyzstan have increased at an annualized rate of 35.2%,  from $257k in 2018 to $2.12M in 2023.

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

Comparison: In 2023,  Kyrgyzstan ranked 67 in the Economic Complexity Index (ECI -0.11), and 136 in total exports ($3.99B). 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 2023, Kyrgyzstan exported $1.71M to Mongolia. The main products exported from Kyrgyzstan to Mongolia were Cars ($588k), Baked Goods ($389k), and Hair Products ($213k). During the last 5 years the exports of Kyrgyzstan to Mongolia have decreased at an annualized rate of 6.48%, from $2.4M in 2018 to $1.71M in 2023.

In 2018, Mongolia exported $2.12M to Kyrgyzstan. The main products exported from Mongolia to Kyrgyzstan were Cars ($1.81M), Delivery Trucks ($73.1k), and Horse Meat ($70.2k). During the last 5 years the exports of Mongolia to Kyrgyzstan have increased at an annualized rate of 35.2%, from $257k in 2023 to $2.12M in 2018.

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

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

Latest Data

Trade between Kyrgyzstan (Flag) and Mongolia (Flag)

Kyrgyzstan Exports

Market Competitiveness

Color
Kyrgyzstan
Top Destination
Switzerland$1.18B
Mongolia
Top Destination
China$13.1B

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

In 2023, countries that imported more from Kyrgyzstan than Mongolia included Russia ($746M), Kazakhstan ($559M), and United Arab Emirates ($415M).

In 2023, countries that imported more from Mongolia than Kyrgyzstan included China ($13.1B), Thailand ($67.1M), and Italy ($87.7M).

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

Comparative Advantage Kyrgyzstan - Mongolia

Flow
Scale

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

During 2023, Kyrgyzstan had a large net trade with Mongolia in the exports of Foodstuffs ($677k), Transportation ($588k), and Chemical Products ($222k).

During 2018, Mongolia had a large net trade with Kyrgyzstan in the exports of Transportation ($1.93M), Animal Products ($138k), and Vegetable Products ($26.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kyrgyzstan Mongolia+$850kRefined Petroleum
Top Product Potential Mongolia Kyrgyzstan+$21.3kOther Edible Preparations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with