2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP
$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP GROWTH
-12.4%CURRENT US$
Rnk 176 / 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
$37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH
-20.7%CURRENT US$
Rnk 174 / 186

About

Mongolia-Brunei Trade: In 2022, Mongolia exported $1.12k to Brunei. The main products that Mongolia exported to Brunei were Excavation Machinery ($604), Non-Knit Men's Suits ($157), and Non-Knit Women's Suits ($155). Over the past 5 years the exports of Mongolia to Brunei have increased at an annualized rate of 12.9%, from $610 in 2017 to $1.12k in 2022.

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

Brunei-Mongolia Trade: In 2022, Brunei exported $52 to Mongolia. The main products that Brunei exported to Mongolia were Knitted Hats ($37) and Pasta ($15). Over the past 5 years the exports of Brunei to Mongolia have increased at an annualized rate of 34.1%,  from $12 in 2017 to $52 in 2022.

In 2022, Brunei 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, Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $1.12k to Brunei. The main products exported from Mongolia to Brunei were Excavation Machinery ($604), Non-Knit Men's Suits ($157), and Non-Knit Women's Suits ($155). During the last 5 years the exports of Mongolia to Brunei have increased at an annualized rate of 12.9%, from $610 in 2017 to $1.12k in 2022.

In 2017, Brunei exported $52 to Mongolia. The main products exported from Brunei to Mongolia were Knitted Hats ($37) and Pasta ($15). During the last 5 years the exports of Brunei to Mongolia have increased at an annualized rate of 34.1%, from $12 in 2022 to $52 in 2017.

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

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

Latest Data

Trade between Mongolia (Flag) and Brunei (Flag)

Brunei Exports

Date

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Brunei
Top Destination
Australia$2.66B

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

In 2022, countries that imported more from Mongolia than Brunei included China ($10.6B), Switzerland ($1.98B), and Russia ($112M).

In 2022, countries that imported more from Brunei than Mongolia included Australia ($2.66B), Japan ($2.32B), and Singapore ($1.97B).

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

Comparative Advantage Mongolia - Brunei

Flow
Scale

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

During 2022, Mongolia had a large net trade with Brunei in the exports of Machines ($604), Textiles ($332), and Transportation ($122).

During 2017, Brunei had a large net trade with Mongolia in the exports of Footwear and Headwear ($37) and Foodstuffs ($15).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Mongolia and Brunei. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Brunei. Similarly, a dot/product with the flag of Brunei indicates it has a comparative advantage over Mongolia.

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

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