Mongolia (MNG) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Mongolia-New Zealand Trade: In 2023, Mongolia exported $307k to New Zealand. The main products that Mongolia exported to New Zealand were Liquid Pumps ($210k), Knit Sweaters ($28.9k), and Bedspreads ($21.2k). Over the past 5 years the exports of Mongolia to New Zealand have increased at an annualized rate of 36.3%, from $65.3k in 2018 to $307k in 2023.

In 2023, Mongolia did not export any services to New Zealand.

New Zealand-Mongolia Trade: In 2023, New Zealand exported $7.36M to Mongolia. The main products that New Zealand exported to Mongolia were Concentrated Milk ($4.89M), Cheese ($912k), and Wool ($425k). Over the past 5 years the exports of New Zealand to Mongolia have decreased at an annualized rate of 0.94%, from $7.71M in 2018 to $7.36M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $307k to New Zealand. The main products exported from Mongolia to New Zealand were Liquid Pumps ($210k), Knit Sweaters ($28.9k), and Bedspreads ($21.2k). During the last 5 years the exports of Mongolia to New Zealand have increased at an annualized rate of 36.3%, from $65.3k in 2018 to $307k in 2023.

In 2018, New Zealand exported $7.36M to Mongolia. The main products exported from New Zealand to Mongolia were Concentrated Milk ($4.89M), Cheese ($912k), and Wool ($425k). During the last 5 years the exports of New Zealand to Mongolia have decreased at an annualized rate of 0.94%, from $7.71M in 2023 to $7.36M in 2018.

Exports from Mongolia () to New Zealand () (2023)

Exports from New Zealand () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and New Zealand ()

Mongolia Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Mongolia than New Zealand included China ($13.1B), Switzerland ($842M), and Uzbekistan ($3.49M).

In 2023, countries that imported more from New Zealand than Mongolia included United States ($5.42B), Australia ($5.2B), and Japan ($2.62B).

Difference in imports from New Zealand () and Mongolia () (2023)

Comparative Advantage Mongolia - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with New Zealand in the exports of Machines ($211k), Textiles ($74.1k), and Miscellaneous ($11.6k).

During 2018, New Zealand had a large net trade with Mongolia in the exports of Animal Products ($6.07M), Textiles ($429k), and Machines ($366k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia New Zealand+$55.5kKnit Sweaters

Top Product Potential New Zealand Mongolia+$287kCheese

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to New Zealand () (2023)

Exports from New Zealand () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and New Zealand ()

Mongolia Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Mongolia () (2023)

Comparative Advantage Mongolia - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and New Zealand () (2023)

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