2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

Mongolia-Lebanon Trade: In 2023, Mongolia exported $33.3k to Lebanon. The main products that Mongolia exported to Lebanon were Knit Sweaters ($16.4k), Motor vehicles; parts and accessories (8701 to 8705) ($5.95k), and Non-Knit Men's Shirts ($5.33k). Over the past 5 years the exports of Mongolia to Lebanon have decreased at an annualized rate of 29.7%, from $194k in 2018 to $33.3k in 2023.

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

Lebanon-Mongolia Trade: In 2023, Lebanon exported $16.5k to Mongolia. The main products that Lebanon exported to Mongolia were Malt Extract ($8.82k), Non-Knit Women's Suits ($6.34k), and Non-Knit Active Wear ($884). Over the past 5 years the exports of Lebanon to Mongolia have increased at an annualized rate of 43.7%,  from $1.3k in 2018 to $16.5k in 2023.

In 2023, Lebanon 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, Lebanon ranked 45 in the Economic Complexity Index (ECI 0.42), and 130 in total exports ($4.94B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $33.3k to Lebanon. The main products exported from Mongolia to Lebanon were Knit Sweaters ($16.4k), Motor vehicles; parts and accessories (8701 to 8705) ($5.95k), and Non-Knit Men's Shirts ($5.33k). During the last 5 years the exports of Mongolia to Lebanon have decreased at an annualized rate of 29.7%, from $194k in 2018 to $33.3k in 2023.

In 2018, Lebanon exported $16.5k to Mongolia. The main products exported from Lebanon to Mongolia were Malt Extract ($8.82k), Non-Knit Women's Suits ($6.34k), and Non-Knit Active Wear ($884). During the last 5 years the exports of Lebanon to Mongolia have increased at an annualized rate of 43.7%, from $1.3k in 2023 to $16.5k in 2018.

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

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

Latest Data

Trade between Mongolia (Flag) and Lebanon (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
Lebanon
Top Destination
United Arab Emirates$1.3B

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

In 2023, countries that imported more from Mongolia than Lebanon included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

In 2023, countries that imported more from Lebanon than Mongolia included United Arab Emirates ($1.3B), Egypt ($340M), and Turkey ($253M).

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

Comparative Advantage Mongolia - Lebanon

Flow
Scale

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

During 2023, Mongolia had a large net trade with Lebanon in the exports of Textiles ($26.4k), Transportation ($5.95k), and Machines ($980).

During 2018, Lebanon had a large net trade with Mongolia in the exports of Foodstuffs ($8.82k) and Textiles ($7.64k).

Economic Complexity

Competitive Landscape

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

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

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