GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195
GDP$14.1BCURRENT US$Rnk 140 / 195 GDP GROWTH80.3%CURRENT US$Rnk 31 / 195 GDP PC $5,839CURRENT US$Rnk 116 / 195GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195GDP PC$1,010CURRENT US$Rnk 176 / 196GDP PC GROWTH43.3%CURRENT US$Rnk 55 / 195In N/A, Mongolia did not export any services to Rwanda.
Rwanda-Mongolia In N/A, Rwanda did not export any products to Mongolia.
In N/A, Rwanda 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, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.
This map shows whether countries import more from Mongolia or Rwanda. Each country is colored based on the difference in imports they receive from Mongolia and Rwanda or the difference in the growth in imports.
In 2023, countries that imported more from Mongolia than Rwanda included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).
In 2023, countries that imported more from Rwanda than Mongolia included United Arab Emirates ($895M), Kenya ($34.5M), and Pakistan ($26.8M).
) and Mongolia () (2023)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.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Rwanda. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Rwanda. Similarly, a dot/product with the flag of Rwanda indicates it has a comparative advantage over Mongolia.
) and Rwanda () (2022)
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