2023
Flag  
GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 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
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Mongolia-North Macedonia Trade: In 2021, Mongolia exported $25 to North Macedonia. The main products that Mongolia exported to North Macedonia were N/A. Over the past 5 years the exports of Mongolia to North Macedonia have decreased at an annualized rate of 66%, from $5.49k in 2016 to $25 in 2021.

In 2021, Mongolia did not export any services to North Macedonia.

North Macedonia-Mongolia Trade: In 2021, North Macedonia exported $435k to Mongolia. The main products that North Macedonia exported to Mongolia were Packaged Medicaments ($361k), Other Edible Preparations ($55.5k), and Flavored Water ($18.8k). Over the past 5 years the exports of North Macedonia to Mongolia have decreased at an annualized rate of 34.2%,  from $3.52M in 2016 to $435k in 2021.

In 2021, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Mongolia exported $25 to North Macedonia. There were not main exports from Mongolia to North Macedonia in 2021. During the last 5 years the exports of Mongolia to North Macedonia have decreased at an annualized rate of 66%, from $5.49k in 2016 to $25 in 2021.

In 2018, North Macedonia exported $435k to Mongolia. The main products exported from North Macedonia to Mongolia were Packaged Medicaments ($361k), Other Edible Preparations ($55.5k), and Flavored Water ($18.8k). During the last 5 years the exports of North Macedonia to Mongolia have decreased at an annualized rate of 34.2%, from $3.52M in 2023 to $435k in 2018.

Exports from Mongolia (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and North Macedonia (Flag)

North Macedonia Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$13.1B
North Macedonia
Top Destination
Germany$4B

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

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

In 2023, countries that imported more from North Macedonia than Mongolia included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - North Macedonia

Flow
Scale

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

During 2021, Mongolia had a large net trade with North Macedonia in the exports of .

During 2018, North Macedonia had a large net trade with Mongolia in the exports of Chemical Products ($361k) and Foodstuffs ($74.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia North Macedonia+$2.44kCoal Briquettes
Top Product Potential North Macedonia Mongolia+$191kPackaged Medicaments

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 North Macedonia. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and North Macedonia (Flag) (2023)

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