Mongolia (MNG) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Mongolia-Brazil Trade: In 2023, Mongolia exported $2.67M to Brazil. The main products that Mongolia exported to Brazil were Carboxyimide Compounds ($1.72M), Carboxyamide Compounds ($604k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($218k). Over the past 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 37.4%, from $547k in 2018 to $2.67M in 2023.

In 2023, Mongolia did not export any services to Brazil.

Brazil-Mongolia Trade: In 2023, Brazil exported $2.87M to Mongolia. The main products that Brazil exported to Mongolia were Rubber Tires ($1.51M), Confectionery Sugar ($437k), and Refined Petroleum ($272k). Over the past 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 21%, from $9.29M in 2018 to $2.87M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $2.67M to Brazil. The main products exported from Mongolia to Brazil were Carboxyimide Compounds ($1.72M), Carboxyamide Compounds ($604k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($218k). During the last 5 years the exports of Mongolia to Brazil have increased at an annualized rate of 37.4%, from $547k in 2018 to $2.67M in 2023.

In 2018, Brazil exported $2.87M to Mongolia. The main products exported from Brazil to Mongolia were Rubber Tires ($1.51M), Confectionery Sugar ($437k), and Refined Petroleum ($272k). During the last 5 years the exports of Brazil to Mongolia have decreased at an annualized rate of 21%, from $9.29M in 2023 to $2.87M in 2018.

Exports from Mongolia () to Brazil () (2023)

Exports from Brazil () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Brazil ()

Mongolia Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Brazil
Top DestinationChina$106B

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 2023, countries that imported more from Mongolia than Brazil included Kyrgyzstan ($2.12M).

In 2023, countries that imported more from Brazil than Mongolia included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil () and Mongolia () (2023)

Comparative Advantage Mongolia - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Brazil in the exports of Chemical Products ($2.66M), Instruments ($6.31k), and Plastics and Rubbers ($5.32k).

During 2018, Brazil had a large net trade with Mongolia in the exports of Plastics and Rubbers ($1.52M), Foodstuffs ($672k), and Mineral Products ($272k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Brazil () (2023)

Exports from Brazil () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Brazil ()

Mongolia Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Mongolia () (2023)

Comparative Advantage Mongolia - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Brazil () (2023)

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