2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186

About

Mongolia-Brazil Trade: In 2022, Mongolia exported $788k to Brazil. The main products that Mongolia exported to Brazil were Alkaline Metals ($249k), Carboxyamide Compounds ($170k), and Carbonates ($132k). Over the past 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 55.5%, from $86.6k in 2017 to $788k in 2022.

In 2022, Mongolia did not export any services to Brazil.

Brazil-Mongolia Trade: In 2022, Brazil exported $6.13M to Mongolia. The main products that Brazil exported to Mongolia were Raw Sugar ($1.1M), Confectionery Sugar ($1.04M), and Fruit Juice ($998k). Over the past 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 1.71%,  from $6.68M in 2017 to $6.13M in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $788k to Brazil. The main products exported from Mongolia to Brazil were Alkaline Metals ($249k), Carboxyamide Compounds ($170k), and Carbonates ($132k). During the last 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 55.5%, from $86.6k in 2017 to $788k in 2022.

In 2017, Brazil exported $6.13M to Mongolia. The main products exported from Brazil to Mongolia were Raw Sugar ($1.1M), Confectionery Sugar ($1.04M), and Fruit Juice ($998k). During the last 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 1.71%, from $6.68M in 2022 to $6.13M in 2017.

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

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

Latest Data

Trade between Mongolia (Flag) and Brazil (Flag)

Mongolia Exports

Brazil Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Brazil
Top Destination
China$90.1B

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

In 2022, countries that imported more from Mongolia than Brazil included Switzerland ($1.98B).

In 2022, countries that imported more from Brazil than Mongolia included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

Difference in imports from Brazil (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Brazil

Flow
Scale

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

During 2022, Mongolia had a large net trade with Brazil in the exports of Chemical Products ($783k), Plastics and Rubbers ($2.35k), and Textiles ($1.67k).

During 2017, Brazil had a large net trade with Mongolia in the exports of Foodstuffs ($3.35M), Machines ($1.01M), and Vegetable Products ($648k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Brazil+$59.3kSodium or Potassium Peroxides
Top Product Potential Brazil Mongolia+$1.41MRaw Sugar

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

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

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