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

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Mongolia-Iran Trade: In 2022, Mongolia exported $8.24M to Iran. The main products that Mongolia exported to Iran were N/A. Over the past 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.74%, from $9.47M in 2017 to $8.24M in 2022.

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

Iran-Mongolia Trade: In 2022, Iran exported $1.52M to Mongolia. The main products that Iran exported to Mongolia were N/A. Over the past 5 years the exports of Iran to Mongolia have increased at an annualized rate of 27%, from $462k in 2017 to $1.52M in 2022.

In 2022, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $8.24M to Iran. There were not main exports from Mongolia to Iran in 2022. During the last 5 years the exports of Mongolia to Iran have decreased at an annualized rate of 2.74%, from $9.47M in 2017 to $8.24M in 2022.

In 2017, Iran exported $1.52M to Mongolia. There were not main exports from Iran to Mongolia in 2017. During the last 5 years the exports of Iran to Mongolia have increased at an annualized rate of 27%, from $462k in 2022 to $1.52M 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$13.1B

Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Iran than Mongolia included Turkey ($2.18B), India ($1.02B), and Pakistan ($943M).

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

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 .

During 2017, Iran had a large net trade with Mongolia in the exports of .

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 () (2023)

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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