Mongolia (MNG) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

About

Mongolia-Papua New Guinea Trade: In 2022, Mongolia exported $12.5k to Papua New Guinea. The main products that Mongolia exported to Papua New Guinea were Gaskets ($6.35k), Other Engines ($3.49k), and Ball Bearings ($2.7k). Over the past 11 years the exports of Mongolia to Papua New Guinea have increased at an annualized rate of 5.08%, from $7.27k in 2011 to $12.5k in 2022.

In 2022, Mongolia did not export any services to Papua New Guinea.

Papua New Guinea-Mongolia In N/A, Papua New Guinea did not export any products to Mongolia.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $12.5k to Papua New Guinea. The main products exported from Mongolia to Papua New Guinea were Gaskets ($6.35k), Other Engines ($3.49k), and Ball Bearings ($2.7k). During the last 11 years the exports of Mongolia to Papua New Guinea have increased at an annualized rate of 5.08%, from $7.27k in 2011 to $12.5k in 2022.

Papua New Guinea does not register exports to Mongolia. The main products exported from Papua New Guinea to Mongolia were Pharmaceutical Rubber Products ($1.77k).

Exports from Mongolia () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Mongolia included Japan ($4.03B), Australia ($1.74B), and Chinese Taipei ($1.46B).

Difference in imports from Papua New Guinea () and Mongolia () (2022)

Comparative Advantage Mongolia - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Papua New Guinea in the exports of Machines ($12.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Papua New Guinea+$6.59kOther Engines

Top Product Potential Papua New Guinea Mongolia+$3.54kRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Papua New Guinea () (2022)

Exports from Papua New Guinea () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Papua New Guinea () and Mongolia () (2022)

Comparative Advantage Mongolia - Papua New Guinea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Papua New Guinea () (2022)

Keep Exploring