Mongolia (MNG) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Mongolia-Albania Trade: In 2019, Mongolia exported $16.4k to Albania. The main products that Mongolia exported to Albania were N/A. Over the past 12 years the exports of Mongolia to Albania have increased at an annualized rate of 112%, from $2 in 2007 to $16.4k in 2019.

In 2019, Mongolia did not export any services to Albania.

Albania-Mongolia Trade: In 2019, Albania exported $406k to Mongolia. The main products that Albania exported to Mongolia were Leather Footwear ($226k), Baked Goods ($67.2k), and Non-Knit Women's Suits ($38.6k). Over the past 12 years the exports of Albania to Mongolia have increased at an annualized rate of 10.4%, from $247k in 2007 to $406k in 2019.

In 2019, Albania did not export any services to Mongolia.

Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Mongolia exported $16.4k to Albania. There were not main exports from Mongolia to Albania in 2019. During the last 12 years the exports of Mongolia to Albania have increased at an annualized rate of 112%, from $2 in 2007 to $16.4k in 2019.

In 2017, Albania exported $406k to Mongolia. The main products exported from Albania to Mongolia were Leather Footwear ($226k), Baked Goods ($67.2k), and Non-Knit Women's Suits ($38.6k). During the last 5 years the exports of Albania to Mongolia have increased at an annualized rate of 10.4%, from $247k in 2022 to $406k in 2017.

Exports from Mongolia () to Albania () (2022)

Exports from Albania () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Mongolia than Albania included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Albania than Mongolia included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Mongolia - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Mongolia had a large net trade with Albania in the exports of .

During 2017, Albania had a large net trade with Mongolia in the exports of Footwear and Headwear ($239k), Textiles ($87.6k), and Foodstuffs ($69.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Albania+$2.11kCoal Briquettes

Top Product Potential Albania Mongolia+$134kLeather Footwear

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Albania () (2022)

Exports from Albania () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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