Mongolia (MNG) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Mongolia-Saudi Arabia Trade: In 2022, Mongolia exported $672k to Saudi Arabia. The main products that Mongolia exported to Saudi Arabia were Other Animals ($672k). Over the past 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 11.3%, from $1.22M in 2017 to $672k in 2022.

In 2022, Mongolia did not export any services to Saudi Arabia.

Saudi Arabia-Mongolia Trade: In 2022, Saudi Arabia exported $6.73M to Mongolia. The main products that Saudi Arabia exported to Mongolia were Raw Sugar ($6.63M), Confectionery Sugar ($38.1k), and Paper Containers ($35.2k). Over the past 5 years the exports of Saudi Arabia to Mongolia have increased at an annualized rate of 44.1%, from $523k in 2017 to $6.73M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $672k to Saudi Arabia. The main products exported from Mongolia to Saudi Arabia were Other Animals ($672k). During the last 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 11.3%, from $1.22M in 2017 to $672k in 2022.

In 2017, Saudi Arabia exported $6.73M to Mongolia. The main products exported from Saudi Arabia to Mongolia were Raw Sugar ($6.63M), Confectionery Sugar ($38.1k), and Paper Containers ($35.2k). During the last 5 years the exports of Saudi Arabia to Mongolia have increased at an annualized rate of 44.1%, from $523k in 2022 to $6.73M in 2017.

Exports from Mongolia () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Saudi Arabia ()

Mongolia Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Mongolia than Saudi Arabia included Switzerland ($1.98B), Russia ($112M), and Iran ($7.39M).

In 2022, countries that imported more from Saudi Arabia than Mongolia included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Mongolia () (2022)

Comparative Advantage Mongolia - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Saudi Arabia in the exports of Animal Products ($672k).

During 2017, Saudi Arabia had a large net trade with Mongolia in the exports of Foodstuffs ($6.67M), Paper Goods ($35.2k), and Vegetable Products ($16.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Saudi Arabia+$7.51kGold

Top Product Potential Saudi Arabia Mongolia+$61.6kPaper Containers

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Saudi Arabia ()

Mongolia Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Mongolia () (2022)

Comparative Advantage Mongolia - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Saudi Arabia () (2022)

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