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Pricing

2023
Flag → Flag
Exports $649kRnk 30 / 101
2023
Flag → Flag
Top Product $384kExcavation Machinery
2023
Flag → Flag
Exports $685kRnk 155 / 182
2023
Flag → Flag
Top Product $596kRaw Sugar
2023
Flag
Economic Complexity (ECI) ECI -1.32Rnk 123 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $5,839CURRENT US$
Rnk 116 / 195
2013-2023
Flag
GDP PC GROWTH34.5%CURRENT US$
Rnk 70 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Mongolia-Saudi Arabia Trade: In 2023, Mongolia exported $649k to Saudi Arabia. The main products that Mongolia exported to Saudi Arabia were Excavation Machinery ($384k), Other Headwear ($81.3k), and Packaged Medicaments ($29.2k). Over the past 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 10.2%, from $1.11M in 2018 to $649k in 2023.

In 2023, Mongolia did not export any services to Saudi Arabia.

Saudi Arabia-Mongolia Trade: In 2023, Saudi Arabia exported $685k to Mongolia. The main products that Saudi Arabia exported to Mongolia were Raw Sugar ($596k), Confectionery Sugar ($62.2k), and Ethylene Polymers ($15.4k). Over the past 5 years the exports of Saudi Arabia to Mongolia have decreased at an annualized rate of 22.4%,  from $2.43M in 2018 to $685k in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mongolia exported $649k to Saudi Arabia. The main products exported from Mongolia to Saudi Arabia were Excavation Machinery ($384k), Other Headwear ($81.3k), and Packaged Medicaments ($29.2k). During the last 5 years the exports of Mongolia to Saudi Arabia have decreased at an annualized rate of 10.2%, from $1.11M in 2018 to $649k in 2023.

In 2018, Saudi Arabia exported $685k to Mongolia. The main products exported from Saudi Arabia to Mongolia were Raw Sugar ($596k), Confectionery Sugar ($62.2k), and Ethylene Polymers ($15.4k). During the last 5 years the exports of Saudi Arabia to Mongolia have decreased at an annualized rate of 22.4%, from $2.43M in 2023 to $685k in 2018.

Exports from Mongolia (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Mongolia (Flag) (2023)

Latest Data

Trade between Mongolia (Flag) and Saudi Arabia (Flag)

Mongolia Exports

Saudi Arabia Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$13.1B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Mongolia than Saudi Arabia included Kyrgyzstan ($2.12M), Kazakhstan ($8.71M), and Israel ($92k).

In 2023, countries that imported more from Saudi Arabia than Mongolia included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Mongolia (Flag) (2023)

Comparative Advantage Mongolia - Saudi Arabia

Flow
Scale

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

During 2023, Mongolia had a large net trade with Saudi Arabia in the exports of Machines ($391k), Footwear and Headwear ($95.1k), and Textiles ($80.8k).

During 2018, Saudi Arabia had a large net trade with Mongolia in the exports of Foodstuffs ($670k) and Plastics and Rubbers ($15.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Mongolia (Flag) and Saudi Arabia (Flag) (2023)

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