2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

In N/A, Mongolia did not export any services to Turkmenistan.

Turkmenistan-Mongolia Trade: In N/A, Turkmenistan exported $573 to Mongolia. The main products that Turkmenistan exported to Mongolia were Baked Goods ($72.8k), Jams ($949), and House Linens ($627). Over the past N/A years the exports of Turkmenistan to Mongolia have decreased at an annualized rate of 70.4%,  from $251k in N/A to $573 in N/A.

In N/A, Turkmenistan 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, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

Mongolia does not register exports to Turkmenistan.

In 2016, Turkmenistan exported $573 to Mongolia. The main products exported from Turkmenistan to Mongolia were Baked Goods ($72.8k), Jams ($949), and House Linens ($627). During the last 20 years the exports of Turkmenistan to Mongolia have decreased at an annualized rate of 70.4%, from $251k in 1996 to $573 in 2016.

Exports from Mongolia (Flag) to Turkmenistan (Flag) (2022)

Exports from Turkmenistan (Flag) to Mongolia (Flag) (2022)

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Turkmenistan
Top Destination
China$8.88B

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

In 2022, countries that imported more from Mongolia than Turkmenistan included Switzerland ($1.98B), China ($10.6B), and South Korea ($259M).

In 2022, countries that imported more from Turkmenistan than Mongolia included Turkey ($884M), Uzbekistan ($664M), and Azerbaijan ($460M).

Difference in imports from Turkmenistan (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Turkmenistan

Flow
Scale

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

During 2016, Turkmenistan had a large net trade with Mongolia in the exports of Foodstuffs ($73.8k) and Textiles ($627).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Mongolia and Turkmenistan. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Mongolia.

Product Space of Mongolia (Flag) and Turkmenistan (Flag) (2022)

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