2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC 
$5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Mongolia-Israel Trade: In 2023, Mongolia exported $92k to Israel. The main products that Mongolia exported to Israel were Other Nuts ($76k), Knit Sweaters ($7k), and Knit Men's Suits ($3k). Over the past 5 years the exports of Mongolia to Israel have increased at an annualized rate of 0.42%, from $90.1k in 2018 to $92k in 2023.

In 2023, Mongolia did not export any services to Israel.

Israel-Mongolia Trade: In 2023, Israel exported $1.23M to Mongolia. The main products that Israel exported to Mongolia were N/A. Over the past 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 2%,  from $1.36M in 2018 to $1.23M in 2023.

In 2012, Israel exported services to Mongolia worth $8.28M, with Computer and information services ($8.28M) being the largest in terms of value.

Comparison: In 2023,  Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $92k to Israel. The main products exported from Mongolia to Israel were Other Nuts ($76k), Knit Sweaters ($7k), and Knit Men's Suits ($3k). During the last 5 years the exports of Mongolia to Israel have increased at an annualized rate of 0.42%, from $90.1k in 2018 to $92k in 2023.

In 2017, Israel exported $1.23M to Mongolia. There were not main exports from Israel to Mongolia in 2017. During the last 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 2%, from $1.36M in 2022 to $1.23M in 2017.

Exports from Mongolia (Flag) to Israel (Flag) (2023)

Exports from Israel (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Israel (Flag)

Mongolia Exports

Israel Exports

Date

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
Israel
Top Destination
United States$20.3B

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

In 2023, countries that imported more from Mongolia than Israel included China ($13.1B), Switzerland ($842M), and Saudi Arabia ($649k).

In 2023, countries that imported more from Israel than Mongolia included United States ($20.3B), Ireland ($4.22B), and Germany ($2.75B).

Difference in imports from Israel (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Israel

Flow
Scale

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

During 2023, Mongolia had a large net trade with Israel in the exports of Vegetable Products ($76k), Textiles ($15k), and Arts and Antiques ($1k).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Israel+$22.3kKnit Sweaters
Top Product Potential Israel Mongolia+$236kTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Mongolia and Israel. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and Israel (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with