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Flag → Flag
Exports $32.7kRnk 56 / 0
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 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$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

In N/A, Mongolia did not export any services to Panama.

Panama-Mongolia Trade: In N/A, Panama exported $32.7k to Mongolia. The main products that Panama exported to Mongolia were N/A. Over the past N/A years the exports of Panama to Mongolia have increased at an annualized rate of 198%,  from $139 in N/A to $32.7k in N/A.

In N/A, Panama 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, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth
Value

Mongolia does not register exports to Panama.

In 2017, Panama exported $32.7k to Mongolia. There were not main exports from Panama to Mongolia in 2017. During the last 5 years the exports of Panama to Mongolia have increased at an annualized rate of 198%, from $139 in 2022 to $32.7k in 2017.

Exports from Mongolia (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Mongolia (Flag) (2022)

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Mongolia than Panama included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).

In 2023, countries that imported more from Panama than Mongolia included Japan ($653M), United States ($385M), and Costa Rica ($307M).

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

Comparative Advantage Mongolia - Panama

Flow
Scale

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

During 2017, Panama had a large net trade with Mongolia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Panama+$3.55kCrude Petroleum
Top Product Potential Panama Mongolia+$25.1kBananas

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

Product Space of Mongolia (Flag) and Panama (Flag) (2022)

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