Mongolia (MNG) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

About

Mongolia-Malaysia Trade: In 2022, Mongolia exported $1.78M to Malaysia. The main products that Mongolia exported to Malaysia were Non-Iron and Steel Slag, Ash and Residues ($966k), Motor vehicles; parts and accessories (8701 to 8705) ($336k), and Tin Ores ($199k). Over the past 5 years the exports of Mongolia to Malaysia have increased at an annualized rate of 71.3%, from $120k in 2017 to $1.78M in 2022.

In 2022, Mongolia did not export any services to Malaysia.

Malaysia-Mongolia Trade: In 2022, Malaysia exported $68.3M to Mongolia. The main products that Malaysia exported to Mongolia were Computers ($19.5M), Coffee and Tea Extracts ($8.14M), and Palm Oil ($5.84M). Over the past 5 years the exports of Malaysia to Mongolia have increased at an annualized rate of 13.9%, from $35.7M in 2017 to $68.3M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $1.78M to Malaysia. The main products exported from Mongolia to Malaysia were Non-Iron and Steel Slag, Ash and Residues ($966k), Motor vehicles; parts and accessories (8701 to 8705) ($336k), and Tin Ores ($199k). During the last 5 years the exports of Mongolia to Malaysia have increased at an annualized rate of 71.3%, from $120k in 2017 to $1.78M in 2022.

In 2017, Malaysia exported $68.3M to Mongolia. The main products exported from Malaysia to Mongolia were Computers ($19.5M), Coffee and Tea Extracts ($8.14M), and Palm Oil ($5.84M). During the last 5 years the exports of Malaysia to Mongolia have increased at an annualized rate of 13.9%, from $35.7M in 2022 to $68.3M in 2017.

Exports from Mongolia () to Malaysia () (2022)

Exports from Malaysia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Malaysia ()

Mongolia Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Mongolia than Malaysia included Switzerland ($1.98B).

In 2022, countries that imported more from Malaysia than Mongolia included Singapore ($53.8B), United States ($44.2B), and China ($48.5B).

Difference in imports from Malaysia () and Mongolia () (2022)

Comparative Advantage Mongolia - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Malaysia in the exports of Mineral Products ($1.17M), Transportation ($463k), and Machines ($81.4k).

During 2017, Malaysia had a large net trade with Mongolia in the exports of Machines ($27.8M), Foodstuffs ($17M), and Animal and Vegetable Bi-Products ($8.99M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Malaysia+$355kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Malaysia Mongolia+$3.35MRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Malaysia () (2022)

Exports from Malaysia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Malaysia ()

Mongolia Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Mongolia () (2022)

Comparative Advantage Mongolia - Malaysia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Malaysia () (2022)

Keep Exploring