Mongolia (MNG) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Mongolia-Germany Trade: In 2022, Mongolia exported $26.7M to Germany. The main products that Mongolia exported to Germany were Planes, Helicopters, and/or Spacecraft ($9.99M), Knit Sweaters ($3.66M), and Animal Organs ($3.6M). Over the past 5 years the exports of Mongolia to Germany have increased at an annualized rate of 15.5%, from $13M in 2017 to $26.7M in 2022.

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

Germany-Mongolia Trade: In 2022, Germany exported $177M to Mongolia. The main products that Germany exported to Mongolia were Cars ($15.3M), Packaged Medicaments ($15M), and Chocolate ($9.26M). Over the past 5 years the exports of Germany to Mongolia have increased at an annualized rate of 7.08%, from $126M in 2017 to $177M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $26.7M to Germany. The main products exported from Mongolia to Germany were Planes, Helicopters, and/or Spacecraft ($9.99M), Knit Sweaters ($3.66M), and Animal Organs ($3.6M). During the last 5 years the exports of Mongolia to Germany have increased at an annualized rate of 15.5%, from $13M in 2017 to $26.7M in 2022.

In 2017, Germany exported $177M to Mongolia. The main products exported from Germany to Mongolia were Cars ($15.3M), Packaged Medicaments ($15M), and Chocolate ($9.26M). During the last 5 years the exports of Germany to Mongolia have increased at an annualized rate of 7.08%, from $126M in 2022 to $177M in 2017.

Exports from Mongolia () to Germany () (2022)

Exports from Germany () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Germany ()

Mongolia Exports

Date

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Germany
Top DestinationUnited States$153B

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

In 2022, no countries were registered that imported more from Mongolia than from Germany.

In 2022, countries that imported more from Germany than Mongolia included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Mongolia - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Germany in the exports of Transportation ($10.1M), Textiles ($8.52M), and Animal Products ($3.67M).

During 2017, Germany had a large net trade with Mongolia in the exports of Foodstuffs ($33.6M), Machines ($31.3M), and Chemical Products ($29.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Germany+$2.85MKnit Sweaters

Top Product Potential Germany Mongolia+$20.4MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Germany () (2022)

Exports from Germany () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Germany ()

Mongolia Exports

Germany Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Germany

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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