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2022
Flag → Flag
Exports $533Rnk 107 / 113
2022
Flag → Flag
Top Product $533Non-Knit Women's Suits
2022
Flag → Flag
Exports $203kRnk 127 / 163
2022
Flag → Flag
Top Product $46.9kMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Mongolia-Dominican Republic Trade: In 2022, Mongolia exported $533 to Dominican Republic. The main products that Mongolia exported to Dominican Republic were Non-Knit Women's Suits ($533). Over the past 7 years the exports of Mongolia to Dominican Republic have decreased at an annualized rate of 22.2%, from $3.08k in 2015 to $533 in 2022.

In 2022, Mongolia did not export any services to Dominican Republic.

Dominican Republic-Mongolia Trade: In 2022, Dominican Republic exported $203k to Mongolia. The main products that Dominican Republic exported to Mongolia were Medical Instruments ($46.9k), Waterproof Footwear ($29.6k), and Low-voltage Protection Equipment ($27.4k). Over the past 7 years the exports of Dominican Republic to Mongolia have increased at an annualized rate of 4.36%,  from $132k in 2015 to $203k in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $533 to Dominican Republic. The main products exported from Mongolia to Dominican Republic were Non-Knit Women's Suits ($533). During the last 7 years the exports of Mongolia to Dominican Republic have decreased at an annualized rate of 22.2%, from $3.08k in 2015 to $533 in 2022.

In 2017, Dominican Republic exported $203k to Mongolia. The main products exported from Dominican Republic to Mongolia were Medical Instruments ($46.9k), Waterproof Footwear ($29.6k), and Low-voltage Protection Equipment ($27.4k). During the last 5 years the exports of Dominican Republic to Mongolia have increased at an annualized rate of 4.36%, from $132k in 2022 to $203k in 2017.

Exports from Mongolia (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and Dominican Republic (Flag)

Dominican Republic Exports

Date

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Mongolia than Dominican Republic included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Dominican Republic than Mongolia included United States ($6.85B), Haiti ($1.02B), and India ($390M).

Difference in imports from Dominican Republic (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Dominican Republic

Flow
Scale

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

During 2022, Mongolia had a large net trade with Dominican Republic in the exports of Textiles ($533).

During 2017, Dominican Republic had a large net trade with Mongolia in the exports of Machines ($68.8k), Footwear and Headwear ($59.1k), and Instruments ($48.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Dominican Republic+$4.49kCoal Briquettes
Top Product Potential Dominican Republic Mongolia+$131kMedical Instruments

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

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

Product Space of Mongolia (Flag) and Dominican Republic (Flag) (2022)

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