Mongolia-Canada Trade: In 2022, Mongolia exported $2.27M to Canada. The main products that Mongolia exported to Canada were Prefabricated Buildings ($462k), Spark-Ignition Engines ($325k), and Utility Meters ($268k). Over the past 5 years the exports of Mongolia to Canada have decreased at an annualized rate of 3.45%, from $2.71M in 2017 to $2.27M in 2022.
In 2022, Mongolia did not export any services to Canada.
Canada-Mongolia Trade: In 2022, Canada exported $18.3M to Mongolia. The main products that Canada exported to Mongolia were Excavation Machinery ($2.59M), Other Organo-Inorganic Compounds ($2.32M), and Cars ($2.27M). Over the past 5 years the exports of Canada to Mongolia have decreased at an annualized rate of 12.3%, from $35.3M in 2017 to $18.3M in 2022.
In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).