Mongolia (MNG) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Mongolia-Indonesia Trade: In 2023, Mongolia exported $5.87M to Indonesia. The main products that Mongolia exported to Indonesia were Feldspar ($5.72M), Carboxyimide Compounds ($120k), and Other Heating Machinery ($17.2k). Over the past 5 years the exports of Mongolia to Indonesia have decreased at an annualized rate of 3.4%, from $6.98M in 2018 to $5.87M in 2023.

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

Indonesia-Mongolia Trade: In 2023, Indonesia exported $10.8M to Mongolia. The main products that Indonesia exported to Mongolia were Packaged Medicaments ($4.99M), Soap ($1.96M), and Video Displays ($1.17M). Over the past 5 years the exports of Indonesia to Mongolia have decreased at an annualized rate of 10.1%, from $18.4M in 2018 to $10.8M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $5.87M to Indonesia. The main products exported from Mongolia to Indonesia were Feldspar ($5.72M), Carboxyimide Compounds ($120k), and Other Heating Machinery ($17.2k). During the last 5 years the exports of Mongolia to Indonesia have decreased at an annualized rate of 3.4%, from $6.98M in 2018 to $5.87M in 2023.

In 2018, Indonesia exported $10.8M to Mongolia. The main products exported from Indonesia to Mongolia were Packaged Medicaments ($4.99M), Soap ($1.96M), and Video Displays ($1.17M). During the last 5 years the exports of Indonesia to Mongolia have decreased at an annualized rate of 10.1%, from $18.4M in 2023 to $10.8M in 2018.

Exports from Mongolia () to Indonesia () (2023)

Exports from Indonesia () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Indonesia ()

Mongolia Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Indonesia
Top DestinationChina$70.7B

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

In 2023, no countries were registered that imported more from Mongolia than from Indonesia.

In 2023, countries that imported more from Indonesia than Mongolia included China ($70.7B), United States ($27.9B), and India ($24B).

Difference in imports from Indonesia () and Mongolia () (2023)

Comparative Advantage Mongolia - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Indonesia in the exports of Mineral Products ($5.72M), Chemical Products ($120k), and Machines ($24.5k).

During 2018, Indonesia had a large net trade with Mongolia in the exports of Chemical Products ($7.12M), Machines ($1.55M), and Foodstuffs ($787k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Indonesia+$473kFeldspar

Top Product Potential Indonesia Mongolia+$1.6MPalm Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Indonesia () (2023)

Exports from Indonesia () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Indonesia ()

Mongolia Exports

Indonesia Exports

Market Competitiveness

Difference in imports from Indonesia () and Mongolia () (2023)

Comparative Advantage Mongolia - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Indonesia () (2023)

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