GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$264BCURRENT US$Rnk 48 / 186 GDP GROWTH21.2%CURRENT US$Rnk 118 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$5,937CURRENT US$Rnk 104 / 186GDP PC GROWTH-7.77%CURRENT US$Rnk 158 / 186In 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 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).
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 2022, countries that imported more from Mongolia than Iraq included Switzerland ($1.98B), Russia ($112M), and Thailand ($33.6M).
In 2022, countries that imported more from Iraq than Mongolia included India ($38.8B), China ($34B), and United States ($10.3B).
) and Mongolia () (2022)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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