Mongolia-Armenia Trade: In 2023, Mongolia exported $8.12k to Armenia. The main products that Mongolia exported to Armenia were Knit Women's Suits ($4.27k), Knit Sweaters ($2.83k), and Blankets ($1.02k). Over the past 5 years the exports of Mongolia to Armenia have decreased at an annualized rate of 65.1%, from $1.56M in 2018 to $8.12k in 2023.
In 2023, Mongolia did not export any services to Armenia.
Armenia-Mongolia Trade: In 2023, Armenia exported $516k to Mongolia. The main products that Armenia exported to Mongolia were Hard Liquor ($235k), Chocolate ($116k), and Rolled Tobacco ($110k). Over the past 5 years the exports of Armenia to Mongolia have increased at an annualized rate of 28.6%, from $147k in 2018 to $516k in 2023.
In 2023, Armenia 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, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).