GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$13.3BCURRENT US$Rnk 136 / 186 GDP GROWTH73.9%CURRENT US$Rnk 27 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$966CURRENT US$Rnk 169 / 186GDP PC GROWTH36.8%CURRENT US$Rnk 55 / 186In 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 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).
) to Rwanda () (2022)) to Mongolia () (2022)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 2022, countries that imported more from Mongolia than Rwanda included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
In 2022, countries that imported more from Rwanda than Mongolia included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Ethiopia ($55.2M).
) and Mongolia () (2022)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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