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Pricing

2023
Flag → Flag
Exports $1.49kRnk 85 / 101
2023
Flag → Flag
Top Product $1.4kNon-Retail Synthetic Filament Yarn
2023
Flag → Flag
Exports $1.4MRnk 135 / 200
2023
Flag → Flag
Top Product $1.28MTea
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Mongolia-Sri Lanka Trade: In 2023, Mongolia exported $1.49k to Sri Lanka. The main products that Mongolia exported to Sri Lanka were Non-Retail Synthetic Filament Yarn ($1.4k), Textile Footwear ($36), and Non-Knit Men's Suits ($32). Over the past 5 years the exports of Mongolia to Sri Lanka have increased at an annualized rate of 8.23%, from $1k in 2018 to $1.49k in 2023.

In 2023, Mongolia did not export any services to Sri Lanka.

Sri Lanka-Mongolia Trade: In 2023, Sri Lanka exported $1.4M to Mongolia. The main products that Sri Lanka exported to Mongolia were Tea ($1.28M), Porcelain Tableware ($78.1k), and Perfume Plants ($14.1k). Over the past 5 years the exports of Sri Lanka to Mongolia have decreased at an annualized rate of 0.77%,  from $1.45M in 2018 to $1.4M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $1.49k to Sri Lanka. The main products exported from Mongolia to Sri Lanka were Non-Retail Synthetic Filament Yarn ($1.4k), Textile Footwear ($36), and Non-Knit Men's Suits ($32). During the last 5 years the exports of Mongolia to Sri Lanka have increased at an annualized rate of 8.23%, from $1k in 2018 to $1.49k in 2023.

In 2018, Sri Lanka exported $1.4M to Mongolia. The main products exported from Sri Lanka to Mongolia were Tea ($1.28M), Porcelain Tableware ($78.1k), and Perfume Plants ($14.1k). During the last 5 years the exports of Sri Lanka to Mongolia have decreased at an annualized rate of 0.77%, from $1.45M in 2023 to $1.4M in 2018.

Exports from Mongolia (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Sri Lanka (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Sri Lanka
Top DestinationUnited States$2.98B

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

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

In 2023, countries that imported more from Sri Lanka than Mongolia included United States ($2.98B), India ($991M), and United Kingdom ($900M).

Difference in imports from Sri Lanka (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Sri Lanka

Flow
Scale

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

During 2023, Mongolia had a large net trade with Sri Lanka in the exports of Textiles ($1.45k) and Footwear and Headwear ($36).

During 2018, Sri Lanka had a large net trade with Mongolia in the exports of Vegetable Products ($1.3M), Stone And Glass ($80.3k), and Foodstuffs ($10.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Sri Lanka+$4.4kCoal Briquettes
Top Product Potential Sri Lanka Mongolia+$74kNon-Knit Women's Suits

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.

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Economic Complexity

Competitive Landscape

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

Product Space of Mongolia (Flag) and Sri Lanka (Flag) (2023)

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