2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH
32%CURRENT US$
Rnk 93 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC
$53,758CURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP PC GROWTH
21.1%CURRENT US$
Rnk 81 / 186

About

Mongolia-United Arab Emirates Trade: In 2022, Mongolia exported $1.78M to United Arab Emirates. The main products that Mongolia exported to United Arab Emirates were Other Animals ($1.06M), Non-Iron and Steel Slag, Ash and Residues ($217k), and Centrifuges ($89.4k). Over the past 5 years the exports of Mongolia to United Arab Emirates have decreased at an annualized rate of 11%, from $3.19M in 2017 to $1.78M in 2022.

In 2022, Mongolia did not export any services to United Arab Emirates.

United Arab Emirates-Mongolia Trade: In 2022, United Arab Emirates exported $14.1M to Mongolia. The main products that United Arab Emirates exported to Mongolia were Cars ($3.71M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Raw Sugar ($1.56M). Over the past 5 years the exports of United Arab Emirates to Mongolia have decreased at an annualized rate of 3.56%,  from $16.9M in 2017 to $14.1M in 2022.

In 2022, United Arab Emirates 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, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $1.78M to United Arab Emirates. The main products exported from Mongolia to United Arab Emirates were Other Animals ($1.06M), Non-Iron and Steel Slag, Ash and Residues ($217k), and Centrifuges ($89.4k). During the last 5 years the exports of Mongolia to United Arab Emirates have decreased at an annualized rate of 11%, from $3.19M in 2017 to $1.78M in 2022.

In 2017, United Arab Emirates exported $14.1M to Mongolia. The main products exported from United Arab Emirates to Mongolia were Cars ($3.71M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Raw Sugar ($1.56M). During the last 5 years the exports of United Arab Emirates to Mongolia have decreased at an annualized rate of 3.56%, from $16.9M in 2022 to $14.1M in 2017.

Exports from Mongolia (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and United Arab Emirates (Flag)

Mongolia Exports

United Arab Emirates Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
United Arab Emirates
Top Destination
India$51B

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

In 2022, no countries were registered that imported more from Mongolia than from United Arab Emirates.

In 2022, countries that imported more from United Arab Emirates than Mongolia included India ($51B), Japan ($40.9B), and Saudi Arabia ($27.8B).

Difference in imports from United Arab Emirates (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - United Arab Emirates

Flow
Scale

This chart compares trade between Mongolia and United Arab Emirates by product, considering products traded by both, Mongolia and United Arab Emirates.

During 2022, Mongolia had a large net trade with United Arab Emirates in the exports of Animal Products ($1.13M), Mineral Products ($217k), and Textiles ($121k).

During 2017, United Arab Emirates had a large net trade with Mongolia in the exports of Transportation ($4.76M), Chemical Products ($1.9M), and Foodstuffs ($1.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia United Arab Emirates+$151kKnit Sweaters
Top Product Potential United Arab Emirates Mongolia+$3.27MCars

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

Product Space of Mongolia (Flag) and United Arab Emirates (Flag) (2022)

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