Mongolia (MNG) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Mongolia-Nepal Trade: In 2022, Mongolia exported $334k to Nepal. The main products that Mongolia exported to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). Over the past 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 44.9%, from $52.3k in 2017 to $334k in 2022.

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

Nepal-Mongolia Trade: In 2022, Nepal exported $30.2k to Mongolia. The main products that Nepal exported to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). Over the past 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 13%, from $12.9k in 2017 to $30.2k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $334k to Nepal. The main products exported from Mongolia to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). During the last 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 44.9%, from $52.3k in 2017 to $334k in 2022.

In 2017, Nepal exported $30.2k to Mongolia. The main products exported from Nepal to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). During the last 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 13%, from $12.9k in 2022 to $30.2k in 2017.

Exports from Mongolia () to Nepal () (2022)

Exports from Nepal () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Nepal ()

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Mongolia than Nepal included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Nepal than Mongolia included India ($956M), United States ($152M), and Turkey ($28.3M).

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

Comparative Advantage Mongolia - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Nepal in the exports of Textiles ($333k), Machines ($808), and Paper Goods ($25).

During 2017, Nepal had a large net trade with Mongolia in the exports of Miscellaneous ($13k), Instruments ($5.42k), and Precious Metals ($3.58k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Nepal+$11.9kAnimal Hair

Top Product Potential Nepal Mongolia+$9.89kJewellery

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Nepal () (2022)

Exports from Nepal () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Nepal ()

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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