Mongolia (MNG) and El Salvador (SLV) Trade | The Observatory of Economic Complexity

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Mongolia-El Salvador Trade: In 2022, Mongolia exported $2.77k to El Salvador. The main products that Mongolia exported to El Salvador were Cars ($2.73k) and Fake Hair ($35). Over the past 6 years the exports of Mongolia to El Salvador have increased at an annualized rate of 73.4%, from $102 in 2016 to $2.77k in 2022.

In 2022, Mongolia did not export any services to El Salvador.

El Salvador-Mongolia Trade: In 2022, El Salvador exported $574k to Mongolia. The main products that El Salvador exported to Mongolia were Excavation Machinery ($514k), Packaged Medicaments ($22.2k), and Liquid Pumps ($14.5k). Over the past 6 years the exports of El Salvador to Mongolia have increased at an annualized rate of 2.75%, from $450k in 2016 to $574k in 2022.

In 2022, El Salvador 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, El Salvador ranked 68 in the Economic Complexity Index (ECI -0.029), and 114 in total exports ($7.47B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $2.77k to El Salvador. The main products exported from Mongolia to El Salvador were Cars ($2.73k) and Fake Hair ($35). During the last 6 years the exports of Mongolia to El Salvador have increased at an annualized rate of 73.4%, from $102 in 2016 to $2.77k in 2022.

In 2017, El Salvador exported $574k to Mongolia. The main products exported from El Salvador to Mongolia were Excavation Machinery ($514k), Packaged Medicaments ($22.2k), and Liquid Pumps ($14.5k). During the last 5 years the exports of El Salvador to Mongolia have increased at an annualized rate of 2.75%, from $450k in 2022 to $574k in 2017.

Exports from Mongolia () to El Salvador () (2022)

Exports from El Salvador () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and El Salvador ()

El Salvador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

El Salvador
Top DestinationUnited States$2.87B

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

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

In 2022, countries that imported more from El Salvador than Mongolia included United States ($2.87B), Guatemala ($1.21B), and Honduras ($1.18B).

Difference in imports from El Salvador () and Mongolia () (2022)

Comparative Advantage Mongolia - El Salvador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Mongolia and El Salvador by product, considering products traded by both, Mongolia and El Salvador.

During 2022, Mongolia had a large net trade with El Salvador in the exports of Transportation ($2.73k) and Footwear and Headwear ($35).

During 2017, El Salvador had a large net trade with Mongolia in the exports of Machines ($540k), Chemical Products ($24.8k), and Textiles ($8.98k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia El Salvador+$8.92kCars

Top Product Potential El Salvador Mongolia+$68.2kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to El Salvador () (2022)

Exports from El Salvador () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and El Salvador ()

El Salvador Exports

Market Competitiveness

Difference in imports from El Salvador () and Mongolia () (2022)

Comparative Advantage Mongolia - El Salvador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and El Salvador () (2022)

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