GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195
GDP$19.7BCURRENT US$Rnk 123 / 195 GDP GROWTH57.2%CURRENT US$Rnk 59 / 195 GDP PC $5,839CURRENT US$Rnk 116 / 195GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195GDP PC$1,394CURRENT US$Rnk 168 / 196GDP PC GROWTH19.3%CURRENT US$Rnk 104 / 195In N/A, Mongolia did not export any services to Benin.
Benin-Mongolia In N/A, Benin did not export any products to Mongolia.
In N/A, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).
This map shows whether countries import more from Mongolia or Benin. Each country is colored based on the difference in imports they receive from Mongolia and Benin or the difference in the growth in imports.
In 2023, countries that imported more from Mongolia than Benin included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).
In 2023, countries that imported more from Benin than Mongolia included United Arab Emirates ($803M), Bangladesh ($391M), and India ($216M).
) and Mongolia () (2023)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Benin. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Mongolia.
) and Benin () (2017)
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