2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
GDP PC 
$5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC
$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195

About

Mongolia-Georgia Trade: In 2023, Mongolia exported $33 to Georgia. The main products that Mongolia exported to Georgia were Plastic Housewares ($18) and Iron Housewares ($15). Over the past 12 years the exports of Mongolia to Georgia have decreased at an annualized rate of 56.7%, from $763k in 2011 to $33 in 2023.

In 2023, Mongolia did not export any services to Georgia.

Georgia-Mongolia Trade: In 2023, Georgia exported $1.87M to Mongolia. The main products that Georgia exported to Mongolia were Wine ($753k), Tea ($457k), and Packaged Medicaments ($239k). Over the past 12 years the exports of Georgia to Mongolia have decreased at an annualized rate of 2.65%,  from $2.14M in 2011 to $1.87M in 2023.

In 2023, Georgia did not export any services to Mongolia.

Comparison: In 2023,  Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $33 to Georgia. The main products exported from Mongolia to Georgia were Plastic Housewares ($18) and Iron Housewares ($15). During the last 12 years the exports of Mongolia to Georgia have decreased at an annualized rate of 56.7%, from $763k in 2011 to $33 in 2023.

In 2018, Georgia exported $1.87M to Mongolia. The main products exported from Georgia to Mongolia were Wine ($753k), Tea ($457k), and Packaged Medicaments ($239k). During the last 5 years the exports of Georgia to Mongolia have decreased at an annualized rate of 2.65%, from $2.14M in 2023 to $1.87M in 2018.

Exports from Mongolia (Flag) to Georgia (Flag) (2023)

Exports from Georgia (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Georgia (Flag)

Mongolia Exports

Georgia Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
Georgia
Top Destination
Azerbaijan$828M

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

In 2023, countries that imported more from Mongolia than Georgia included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

In 2023, countries that imported more from Georgia than Mongolia included Azerbaijan ($828M), Turkey ($733M), and Armenia ($712M).

Difference in imports from Georgia (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Georgia

Flow
Scale

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

During 2023, Mongolia had a large net trade with Georgia in the exports of Plastics and Rubbers ($18) and Metals ($15).

During 2018, Georgia had a large net trade with Mongolia in the exports of Foodstuffs ($1.05M), Vegetable Products ($466k), and Chemical Products ($239k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Georgia+$3.2kCopper Ore
Top Product Potential Georgia Mongolia+$54kPackaged Medicaments

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

Product Space of Mongolia (Flag) and Georgia (Flag) (2023)

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