Mongolia (MNG) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Mongolia-Argentina Trade: In 2023, Mongolia exported $1.28k to Argentina. The main products that Mongolia exported to Argentina were Knit Sweaters ($1.28k). Over the past 6 years the exports of Mongolia to Argentina have decreased at an annualized rate of 60.2%, from $320k in 2017 to $1.28k in 2023.

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

Argentina-Mongolia Trade: In 2023, Argentina exported $6.26M to Mongolia. The main products that Argentina exported to Mongolia were N/A. Over the past 6 years the exports of Argentina to Mongolia have increased at an annualized rate of 18.4%, from $2.27M in 2017 to $6.26M in 2023.

In 2023, Argentina 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, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $1.28k to Argentina. The main products exported from Mongolia to Argentina were Knit Sweaters ($1.28k). During the last 6 years the exports of Mongolia to Argentina have decreased at an annualized rate of 60.2%, from $320k in 2017 to $1.28k in 2023.

In 2017, Argentina exported $6.26M to Mongolia. There were not main exports from Argentina to Mongolia in 2017. During the last 5 years the exports of Argentina to Mongolia have increased at an annualized rate of 18.4%, from $2.27M in 2022 to $6.26M in 2017.

Exports from Mongolia () to Argentina () (2023)

Exports from Argentina () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Argentina ()

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Mongolia than Argentina included China ($13.1B), Finland ($22.8M), and Kyrgyzstan ($2.12M).

In 2023, countries that imported more from Argentina than Mongolia included Brazil ($12.1B), United States ($6.27B), and Chile ($5.57B).

Difference in imports from Argentina () and Mongolia () (2023)

Comparative Advantage Mongolia - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Argentina in the exports of Textiles ($1.28k).

During 2017, Argentina had a large net trade with Mongolia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Argentina+$4.99kCoal Briquettes

Top Product Potential Argentina Mongolia+$250kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Argentina () (2023)

Exports from Argentina () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Argentina ()

Argentina Exports

Market Competitiveness

Difference in imports from Argentina () and Mongolia () (2023)

Comparative Advantage Mongolia - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Argentina () (2023)

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