Mongolia (MNG) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Mongolia-Iran Trade: In 2022, Mongolia exported $7.39M to Iran. The main products that Mongolia exported to Iran were Sheep and Goat Meat ($7.28M), Non-Retail Carded Wool Yarn ($99k), and Edible Offal ($10k). Over the past 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.61%, from $8.44M in 2017 to $7.39M in 2022.

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

Iran-Mongolia Trade: In 2022, Iran exported $1.29M to Mongolia. The main products that Iran exported to Mongolia were Tropical Fruits ($454k), Grapes ($201k), and Sodium or Potassium Peroxides ($117k). Over the past 5 years the exports of Iran to Mongolia have increased at an annualized rate of 19.9%, from $520k in 2017 to $1.29M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $7.39M to Iran. The main products exported from Mongolia to Iran were Sheep and Goat Meat ($7.28M), Non-Retail Carded Wool Yarn ($99k), and Edible Offal ($10k). During the last 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.61%, from $8.44M in 2017 to $7.39M in 2022.

In 2017, Iran exported $1.29M to Mongolia. The main products exported from Iran to Mongolia were Tropical Fruits ($454k), Grapes ($201k), and Sodium or Potassium Peroxides ($117k). During the last 5 years the exports of Iran to Mongolia have increased at an annualized rate of 19.9%, from $520k in 2022 to $1.29M in 2017.

Exports from Mongolia () to Iran () (2022)

Exports from Iran () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Iran ()

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Mongolia included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

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

Comparative Advantage Mongolia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Iran in the exports of Animal Products ($7.29M) and Textiles ($99k).

During 2017, Iran had a large net trade with Mongolia in the exports of Vegetable Products ($902k), Foodstuffs ($167k), and Chemical Products ($125k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Iran+$3.8kCoal Briquettes

Top Product Potential Iran Mongolia+$98.2kBaked Goods

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Iran () (2022)

Exports from Iran () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Iran ()

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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