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Pricing

2022
Flag → Flag
Exports $7.39MRnk 16 / 113
2022
Flag → Flag
Top Product $7.28MSheep and Goat Meat
2022
Flag → Flag
Exports $1.29MRnk 76 / 127
2022
Flag → Flag
Top Product $454kTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

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
Value

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 (Flag) to Iran (Flag) (2022)

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

Latest Data

Trade between Mongolia (Flag) and Iran (Flag)

Mongolia Exports

Market Competitiveness

Color
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 (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Iran

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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