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Pricing

2022
Flag → Flag
Exports $12.8MRnk 12 / 113
2022
Flag → Flag
Top Product $7.84MCoal Briquettes
2022
Flag → Flag
Exports $26.2MRnk 108 / 198
2022
Flag → Flag
Top Product $5.18MFlavored Water
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Mongolia-Hong Kong Trade: In 2022, Mongolia exported $12.8M to Hong Kong. The main products that Mongolia exported to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). Over the past 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%, from $12.5M in 2017 to $12.8M in 2022.

In 2022, Mongolia did not export any services to Hong Kong.

Hong Kong-Mongolia Trade: In 2022, Hong Kong exported $26.2M to Mongolia. The main products that Hong Kong exported to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). Over the past 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 4.99%,  from $16.1M in 2017 to $26.2M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $12.8M to Hong Kong. The main products exported from Mongolia to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). During the last 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%, from $12.5M in 2017 to $12.8M in 2022.

In 2017, Hong Kong exported $26.2M to Mongolia. The main products exported from Hong Kong to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). During the last 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 4.99%, from $16.1M in 2022 to $26.2M in 2017.

Exports from Mongolia (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and Hong Kong (Flag)

Mongolia Exports

Hong Kong Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Hong Kong
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Mongolia included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Hong Kong

Flow
Scale

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

During 2022, Mongolia had a large net trade with Hong Kong in the exports of Mineral Products ($7.84M), Animal Products ($4.55M), and Textiles ($129k).

During 2017, Hong Kong had a large net trade with Mongolia in the exports of Machines ($13M), Foodstuffs ($9.28M), and Chemical Products ($1.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Hong Kong+$12.4MCoal Briquettes
Top Product Potential Hong Kong Mongolia+$1.89MComputers

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

Product Space of Mongolia (Flag) and Hong Kong (Flag) (2022)

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