Mongolia (MNG) and Peru (PER) Trade | The Observatory of Economic Complexity

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Mongolia-Peru Trade: In 2023, Mongolia exported $29.6k to Peru. The main products that Mongolia exported to Peru were Trunks and Cases ($16.5k), Rubber Pipes ($13k), and Other Rubber Products ($76). Over the past 5 years the exports of Mongolia to Peru have decreased at an annualized rate of 27.2%, from $145k in 2018 to $29.6k in 2023.

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

Peru-Mongolia Trade: In 2023, Peru exported $416k to Mongolia. The main products that Peru exported to Mongolia were N/A. Over the past 5 years the exports of Peru to Mongolia have increased at an annualized rate of 12.6%, from $230k in 2018 to $416k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $29.6k to Peru. The main products exported from Mongolia to Peru were Trunks and Cases ($16.5k), Rubber Pipes ($13k), and Other Rubber Products ($76). During the last 5 years the exports of Mongolia to Peru have decreased at an annualized rate of 27.2%, from $145k in 2018 to $29.6k in 2023.

In 2017, Peru exported $416k to Mongolia. There were not main exports from Peru to Mongolia in 2017. During the last 5 years the exports of Peru to Mongolia have increased at an annualized rate of 12.6%, from $230k in 2022 to $416k in 2017.

Exports from Mongolia () to Peru () (2023)

Exports from Peru () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Peru ()

Mongolia Exports

Date

Aug 2018

Nov 2016

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Mongolia than Peru included Uzbekistan ($3.49M), Kyrgyzstan ($2.12M), and Fiji ($5.35k).

In 2023, countries that imported more from Peru than Mongolia included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru () and Mongolia () (2023)

Comparative Advantage Mongolia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Peru in the exports of Animal Hides ($16.5k) and Plastics and Rubbers ($13k).

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Peru+$22kTrunks and Cases

Top Product Potential Peru Mongolia+$161kGrapes

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Peru () (2023)

Exports from Peru () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Peru ()

Mongolia Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Mongolia () (2023)

Comparative Advantage Mongolia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Peru () (2023)

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