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2023
Flag → Flag
Exports $2.64MRnk 21 / 101
2023
Flag → Flag
Top Product $1.42MAnimal Organs
2023
Flag → Flag
Exports $64.5MRnk 133 / 224
2023
Flag → Flag
Top Product $11.9MExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 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$64,572CURRENT US$
Rnk 17 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195

About

Mongolia-Netherlands Trade: In 2023, Mongolia exported $2.64M to Netherlands. The main products that Mongolia exported to Netherlands were Animal Organs ($1.42M), Rubber Footwear ($765k), and Prefabricated Buildings ($162k). Over the past 5 years the exports of Mongolia to Netherlands have increased at an annualized rate of 12.7%, from $1.45M in 2018 to $2.64M in 2023.

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

Netherlands-Mongolia Trade: In 2023, Netherlands exported $64.5M to Mongolia. The main products that Netherlands exported to Mongolia were Excavation Machinery ($11.9M), Other Edible Preparations ($9.19M), and Chocolate ($4.42M). Over the past 5 years the exports of Netherlands to Mongolia have increased at an annualized rate of 14.1%,  from $33.4M in 2018 to $64.5M in 2023.

In 2023, Netherlands 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, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $2.64M to Netherlands. The main products exported from Mongolia to Netherlands were Animal Organs ($1.42M), Rubber Footwear ($765k), and Prefabricated Buildings ($162k). During the last 5 years the exports of Mongolia to Netherlands have increased at an annualized rate of 12.7%, from $1.45M in 2018 to $2.64M in 2023.

In 2018, Netherlands exported $64.5M to Mongolia. The main products exported from Netherlands to Mongolia were Excavation Machinery ($11.9M), Other Edible Preparations ($9.19M), and Chocolate ($4.42M). During the last 5 years the exports of Netherlands to Mongolia have increased at an annualized rate of 14.1%, from $33.4M in 2023 to $64.5M in 2018.

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

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

Latest Data

Trade between Mongolia (Flag) and Netherlands (Flag)

Mongolia Exports

Netherlands Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Netherlands
Top DestinationGermany$96.9B

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

In 2023, no countries were registered that imported more from Mongolia than from Netherlands.

In 2023, countries that imported more from Netherlands than Mongolia included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

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

Comparative Advantage Mongolia - Netherlands

Flow
Scale

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

During 2023, Mongolia had a large net trade with Netherlands in the exports of Animal Products ($1.42M), Footwear and Headwear ($870k), and Miscellaneous ($163k).

During 2018, Netherlands had a large net trade with Mongolia in the exports of Machines ($25.8M), Foodstuffs ($18.7M), and Transportation ($4.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Netherlands+$1.05MKnit Sweaters
Top Product Potential Netherlands Mongolia+$1.64MPackaged 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 Netherlands. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Netherlands. Similarly, a dot/product with the flag of Netherlands indicates it has a comparative advantage over Mongolia.

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

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