Mongolia (MNG) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Mongolia-Spain Trade: In 2022, Mongolia exported $4.72M to Spain. The main products that Mongolia exported to Spain were Animal Organs ($3.02M), Other Nuts ($1.31M), and Prefabricated Buildings ($203k). Over the past 5 years the exports of Mongolia to Spain have increased at an annualized rate of 43.4%, from $780k in 2017 to $4.72M in 2022.

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

Spain-Mongolia Trade: In 2022, Spain exported $16.9M to Mongolia. The main products that Spain exported to Mongolia were Cars ($1.49M), Unglazed Ceramics ($1.07M), and Packaged Medicaments ($1.03M). Over the past 5 years the exports of Spain to Mongolia have increased at an annualized rate of 5.26%, from $13M in 2017 to $16.9M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $4.72M to Spain. The main products exported from Mongolia to Spain were Animal Organs ($3.02M), Other Nuts ($1.31M), and Prefabricated Buildings ($203k). During the last 5 years the exports of Mongolia to Spain have increased at an annualized rate of 43.4%, from $780k in 2017 to $4.72M in 2022.

In 2017, Spain exported $16.9M to Mongolia. The main products exported from Spain to Mongolia were Cars ($1.49M), Unglazed Ceramics ($1.07M), and Packaged Medicaments ($1.03M). During the last 5 years the exports of Spain to Mongolia have increased at an annualized rate of 5.26%, from $13M in 2022 to $16.9M in 2017.

Exports from Mongolia () to Spain () (2022)

Exports from Spain () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Spain ()

Mongolia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Mongolia than Spain included China ($10.6B).

In 2022, countries that imported more from Spain than Mongolia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Mongolia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Spain in the exports of Animal Products ($3.02M), Vegetable Products ($1.31M), and Miscellaneous ($207k).

During 2017, Spain had a large net trade with Mongolia in the exports of Chemical Products ($4.38M), Foodstuffs ($2.87M), and Transportation ($1.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Spain+$1.39MOther Nuts

Top Product Potential Spain Mongolia+$3.06MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Spain () (2022)

Exports from Spain () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Spain ()

Mongolia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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