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2023
Flag → Flag
Exports $525kRnk 33 / 101
2023
Flag → Flag
Top Product $354kSheep and Goat Meat
2023
Flag → Flag
Exports $12.5MRnk 162 / 216
2023
Flag → Flag
Top Product $3.2MCars
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Mongolia-United Arab Emirates Trade: In 2023, Mongolia exported $525k to United Arab Emirates. The main products that Mongolia exported to United Arab Emirates were Sheep and Goat Meat ($354k), Knit Sweaters ($78k), and Centrifuges ($26.2k). Over the past 5 years the exports of Mongolia to United Arab Emirates have decreased at an annualized rate of 1.08%, from $554k in 2018 to $525k in 2023.

In 2023, Mongolia did not export any services to United Arab Emirates.

United Arab Emirates-Mongolia Trade: In 2023, United Arab Emirates exported $12.5M to Mongolia. The main products that United Arab Emirates exported to Mongolia were Cars ($3.2M), Computers ($1.24M), and Electric Generating Sets ($1.06M). Over the past 5 years the exports of United Arab Emirates to Mongolia have increased at an annualized rate of 7.81%,  from $8.6M in 2018 to $12.5M in 2023.

In 2023, United Arab Emirates did not export any services to Mongolia.

Comparison: In 2023,  Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $525k to United Arab Emirates. The main products exported from Mongolia to United Arab Emirates were Sheep and Goat Meat ($354k), Knit Sweaters ($78k), and Centrifuges ($26.2k). During the last 5 years the exports of Mongolia to United Arab Emirates have decreased at an annualized rate of 1.08%, from $554k in 2018 to $525k in 2023.

In 2018, United Arab Emirates exported $12.5M to Mongolia. The main products exported from United Arab Emirates to Mongolia were Cars ($3.2M), Computers ($1.24M), and Electric Generating Sets ($1.06M). During the last 5 years the exports of United Arab Emirates to Mongolia have increased at an annualized rate of 7.81%, from $8.6M in 2023 to $12.5M in 2018.

Exports from Mongolia (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Mongolia (Flag) (2023)

Latest Data

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

Mongolia Exports

United Arab Emirates Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
United Arab Emirates
Top DestinationChina$40.2B

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 2023, no countries were registered that imported more from Mongolia than from United Arab Emirates.

In 2023, countries that imported more from United Arab Emirates than Mongolia included India ($38.2B), Japan ($37.4B), and China ($40.2B).

Difference in imports from United Arab Emirates (Flag) and Mongolia (Flag) (2023)

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 2023, Mongolia had a large net trade with United Arab Emirates in the exports of Animal Products ($354k), Textiles ($114k), and Machines ($27k).

During 2018, United Arab Emirates had a large net trade with Mongolia in the exports of Transportation ($4.1M), Machines ($4.06M), and Instruments ($955k).

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) (2023)

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