Mongolia-Australia Trade: In 2022, Mongolia exported $3.73M to Australia. The main products that Mongolia exported to Australia were Tungsten Ore ($302k), Excavation Machinery ($137k), and Prefabricated Buildings ($124k). Over the past 5 years the exports of Mongolia to Australia have increased at an annualized rate of 354%, from $1.94k in 2017 to $3.73M in 2022.
In 2022, Mongolia did not export any services to Australia.
Australia-Mongolia Trade: In 2022, Australia exported $30.5M to Mongolia. The main products that Australia exported to Mongolia were Refined Copper ($3.8M), Transmissions ($2.97M), and Liquid Pumps ($2.21M). Over the past 5 years the exports of Australia to Mongolia have increased at an annualized rate of 241%, from $65.9k in 2017 to $30.5M in 2022.
In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).