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2019
Flag → Flag
Exports $550Rnk 36 / 0
2019
Flag → Flag
Exports $9.43MRnk 86 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 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$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Mongolia-Bangladesh Trade: In 2019, Mongolia exported $550 to Bangladesh. The main products that Mongolia exported to Bangladesh were N/A. Over the past 7 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 50.8%, from $78.8k in 2012 to $550 in 2019.

In 2019, Mongolia did not export any services to Bangladesh.

Bangladesh-Mongolia Trade: In 2019, Bangladesh exported $9.43M to Mongolia. The main products that Bangladesh exported to Mongolia were N/A. Over the past 7 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.97%,  from $6.73M in 2012 to $9.43M in 2019.

In 2019, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Mongolia exported $550 to Bangladesh. There were not main exports from Mongolia to Bangladesh in 2019. During the last 7 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 50.8%, from $78.8k in 2012 to $550 in 2019.

In 2017, Bangladesh exported $9.43M to Mongolia. There were not main exports from Bangladesh to Mongolia in 2017. During the last 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.97%, from $6.73M in 2022 to $9.43M in 2017.

Exports from Mongolia (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and Bangladesh (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Mongolia than Bangladesh included China ($13.1B), Burkina Faso ($520k), and Suriname ($52k).

In 2023, countries that imported more from Bangladesh than Mongolia included United States ($8.58B), Germany ($8.28B), and United Kingdom ($4.25B).

Difference in imports from Bangladesh (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Bangladesh

Flow
Scale

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

During 2019, Mongolia had a large net trade with Bangladesh in the exports of .

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Bangladesh+$6.75kCoal Briquettes
Top Product Potential Bangladesh Mongolia+$1.43MKnit Sweaters

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

Product Space of Mongolia (Flag) and Bangladesh (Flag) (2022)

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