Kuwait (KWT) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Kuwait-Mongolia Trade: In 2022, Kuwait exported $3.22k to Mongolia. The main products that Kuwait exported to Mongolia were Used Clothing ($2.15k) and Motor vehicles; parts and accessories (8701 to 8705) ($1.07k). Over the past 6 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 34.5%, from $40.7k in 2016 to $3.22k in 2022.

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

Mongolia-Kuwait Trade: In 2022, Mongolia exported $218k to Kuwait. The main products that Mongolia exported to Kuwait were Other Knit Garments ($54.9k), Knit Sweaters ($42.6k), and Non-Knit Women's Suits ($40.1k). Over the past 6 years the exports of Mongolia to Kuwait have increased at an annualized rate of 7.85%, from $119k in 2016 to $218k in 2022.

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

Comparison: In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $3.22k to Mongolia. The main products exported from Kuwait to Mongolia were Used Clothing ($2.15k) and Motor vehicles; parts and accessories (8701 to 8705) ($1.07k). During the last 6 years the exports of Kuwait to Mongolia have decreased at an annualized rate of 34.5%, from $40.7k in 2016 to $3.22k in 2022.

In 2017, Mongolia exported $218k to Kuwait. The main products exported from Mongolia to Kuwait were Other Knit Garments ($54.9k), Knit Sweaters ($42.6k), and Non-Knit Women's Suits ($40.1k). During the last 5 years the exports of Mongolia to Kuwait have increased at an annualized rate of 7.85%, from $119k in 2022 to $218k in 2017.

Exports from Kuwait () to Mongolia () (2022)

Exports from Mongolia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Mongolia ()

Kuwait Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Kuwait than Mongolia included India ($15B), China ($24.3B), and South Korea ($10.8B).

In 2022, countries that imported more from Mongolia than Kuwait included Switzerland ($1.98B), Russia ($112M), and Kazakhstan ($8.26M).

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

Comparative Advantage Kuwait - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Mongolia in the exports of Textiles ($2.15k) and Transportation ($1.07k).

During 2017, Mongolia had a large net trade with Kuwait in the exports of Textiles ($210k), Footwear and Headwear ($6.28k), and Animal Products ($1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Mongolia+$6.19kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Mongolia Kuwait+$105kKnit 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Mongolia () (2022)

Exports from Mongolia () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Mongolia ()

Kuwait Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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