Mongolia-South Korea Trade: In 2022, Mongolia exported $259M to South Korea. The main products that Mongolia exported to South Korea were Coal Briquettes ($150M), Gold ($76.2M), and Molybdenum Ore ($8.91M). Over the past 5 years the exports of Mongolia to South Korea have increased at an annualized rate of 75.3%, from $15.6M in 2017 to $259M in 2022.
In 2022, Mongolia did not export any services to South Korea.
South Korea-Mongolia Trade: In 2022, South Korea exported $437M to Mongolia. The main products that South Korea exported to Mongolia were Rolled Tobacco ($36.7M), Beauty Products ($24M), and Refined Petroleum ($21.5M). Over the past 5 years the exports of South Korea to Mongolia have increased at an annualized rate of 4.74%, from $229M in 2017 to $437M in 2022.
In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).