2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

In N/A, Mongolia did not export any services to Greenland.

Greenland-Mongolia Trade: In N/A, Greenland exported $3.95k to Mongolia. The main products that Greenland exported to Mongolia were Crustaceans ($3.79k), Knit T-shirts ($98), and Knit Women's Suits ($58). Over the past N/A years the exports of Greenland to Mongolia have increased at an annualized rate of 45.6%,  from $603 in N/A to $3.95k in N/A.

In N/A, Greenland 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, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Mongolia does not register exports to Greenland.

In 2017, Greenland exported $3.95k to Mongolia. The main products exported from Greenland to Mongolia were Crustaceans ($3.79k), Knit T-shirts ($98), and Knit Women's Suits ($58). During the last 5 years the exports of Greenland to Mongolia have increased at an annualized rate of 45.6%, from $603 in 2022 to $3.95k in 2017.

Exports from Mongolia (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to Mongolia (Flag) (2022)

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Greenland
Top Destination
Denmark$731M

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

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

In 2022, countries that imported more from Greenland than Mongolia included Denmark ($731M), United Kingdom ($86M), and Japan ($77M).

Difference in imports from Greenland (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Greenland

Flow
Scale

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

During 2017, Greenland had a large net trade with Mongolia in the exports of Animal Products ($3.79k) and Textiles ($156).

Economic Complexity

Competitive Landscape

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

Product Space of Mongolia (Flag) and Greenland (Flag) (2022)

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