Mongolia (MNG) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Mongolia-Philippines Trade: In 2022, Mongolia exported $420k to Philippines. The main products that Mongolia exported to Philippines were Glass Fibers ($417k), Hydrometers ($1.98k), and String Instruments ($341). Over the past 5 years the exports of Mongolia to Philippines have increased at an annualized rate of 130%, from $6.56k in 2017 to $420k in 2022.

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

Philippines-Mongolia Trade: In 2022, Philippines exported $6.49M to Mongolia. The main products that Philippines exported to Mongolia were Office Machine Parts ($1.11M), Baked Goods ($613k), and Bananas ($567k). Over the past 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 1.17%, from $6.88M in 2017 to $6.49M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $420k to Philippines. The main products exported from Mongolia to Philippines were Glass Fibers ($417k), Hydrometers ($1.98k), and String Instruments ($341). During the last 5 years the exports of Mongolia to Philippines have increased at an annualized rate of 130%, from $6.56k in 2017 to $420k in 2022.

In 2017, Philippines exported $6.49M to Mongolia. The main products exported from Philippines to Mongolia were Office Machine Parts ($1.11M), Baked Goods ($613k), and Bananas ($567k). During the last 5 years the exports of Philippines to Mongolia have decreased at an annualized rate of 1.17%, from $6.88M in 2022 to $6.49M in 2017.

Exports from Mongolia () to Philippines () (2022)

Exports from Philippines () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Philippines ()

Mongolia Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Mongolia than Philippines included Russia ($112M), Kyrgyzstan ($2.34M), and Belarus ($375k).

In 2022, countries that imported more from Philippines than Mongolia included United States ($15.5B), Hong Kong ($12.6B), and Japan ($11.3B).

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

Comparative Advantage Mongolia - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Philippines in the exports of Stone And Glass ($417k), Instruments ($2.32k), and Machines ($286).

During 2017, Philippines had a large net trade with Mongolia in the exports of Machines ($2.52M), Foodstuffs ($1.75M), and Chemical Products ($926k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Philippines+$8.06kCoal Briquettes

Top Product Potential Philippines Mongolia+$750kElectrical Transformers

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Philippines () (2022)

Exports from Philippines () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Philippines ()

Mongolia Exports

Philippines Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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