Mongolia (MNG) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

About

Mongolia-Bhutan In 2018, Mongolia exported $625 to Bhutan. The main products that Mongolia exported to Bhutan are N/A. During the last 2 years the exports of Mongolia to Bhutan have increased at an annualized rate of 76.8%, from $200 in 2016 to $625 in 2018.

In 2018, Mongolia did not export any services to Bhutan.

Bhutan-Mongolia In 2018, Bhutan exported $589 to Mongolia. The main products that Bhutan exported to Mongolia were Office Machine Parts ($589). During the last 2 years the exports of Bhutan to Mongolia have decreased at an annualized rate of 43.1%, from $1.82k in 2016 to $589 in 2018.

In 2018, Bhutan 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, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Mongolia exported $625 to Bhutan. There were not main exports from Mongolia to Bhutan in 2018. During the last 2 years the exports of Mongolia to Bhutan have increased at an annualized rate of 76.8%, from $200 in 2016 to $625 in 2018.

In 2022, Bhutan exported $589 to Mongolia. The main products exported from Bhutan to Mongolia were Office Machine Parts ($589). During the last 8 years the exports of Bhutan to Mongolia have decreased at an annualized rate of 43.1%, from $1.82k in 2014 to $589 in 2022.

Exports from Mongolia () to Bhutan () (2022)

Exports from Bhutan () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Bhutan ()

Mongolia Exports

Date

May 2018

May 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Bhutan
Top DestinationIndia$343M

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

In 2021, countries that imported more from Mongolia than Bhutan were China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2021, countries that imported more from Bhutan than Mongolia were India ($343M), Colombia ($7.42M), and Nepal ($7.44M).

Difference in imports from Bhutan () and Mongolia () (2022)

Comparative Advantage Mongolia - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Mongolia had a large net trade with Bhutan in the exports of .

During 2022, Bhutan had a large net trade with Mongolia in the exports of Machines ($589).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Bhutan. Similarly, the more yellow a dot/product is, the more Bhutan has comparative advantage over Mongolia.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Bhutan () (2022)

Exports from Bhutan () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Bhutan ()

Mongolia Exports

Market Competitiveness

Difference in imports from Bhutan () and Mongolia () (2022)

Comparative Advantage Mongolia - Bhutan

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Bhutan () (2022)

Keep Exploring