GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195
GDP$251BCURRENT US$Rnk 52 / 195 GDP GROWTH6.91%CURRENT US$Rnk 164 / 195 GDP PC $5,839CURRENT US$Rnk 116 / 195GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195GDP PC$5,565CURRENT US$Rnk 118 / 196GDP PC GROWTH-16.3%CURRENT US$Rnk 174 / 195In N/A, Mongolia did not export any services to Iraq.
Iraq-Mongolia In false, Iraq did not export any products to Mongolia.
In N/A, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).
This map shows whether countries import more from Mongolia or Iraq. Each country is colored based on the difference in imports they receive from Mongolia and Iraq or the difference in the growth in imports.
In 2023, countries that imported more from Mongolia than Iraq included Switzerland ($842M), Thailand ($67.1M), and Finland ($22.8M).
In 2023, countries that imported more from Iraq than Mongolia included India ($29.8B), China ($35.5B), and United States ($8.92B).
) and Mongolia () (2023)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Iraq. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Mongolia.
) and Iraq () (NaN)
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