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2022
Flag → Flag
Exports $2.17MRnk 26 / 113
2022
Flag → Flag
Top Product $1.34MTanned Goat Hides
2022
Flag → Flag
Exports $102MRnk 128 / 219
2022
Flag → Flag
Top Product $13.5MJewellery
2022
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Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
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GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
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GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Mongolia-Turkey In 2022, Mongolia exported $2.17M to Turkey. The main products that Mongolia exported to Turkey are Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). During the last 27 years the exports of Mongolia to Turkey have increased at an annualized rate of 10.5%, from $148k in 1995 to $2.17M in 2022.

In 2022, Mongolia did not export any services to Turkey.

Turkey-Mongolia In 2022, Turkey exported $102M to Mongolia. The main products that Turkey exported to Mongolia were Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). During the last 27 years the exports of Turkey to Mongolia have increased at an annualized rate of 14.6%, from $2.6M in 1995 to $102M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $2.17M to Turkey. The main products exported from Mongolia to Turkey were Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). During the last 27 years the exports of Mongolia to Turkey have increased at an annualized rate of 10.5%, from $148k in 1995 to $2.17M in 2022.

In 2022, Turkey exported $102M to Mongolia. The main products exported from Turkey to Mongolia were Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). During the last 27 years the exports of Turkey to Mongolia have increased at an annualized rate of 14.6%, from $2.6M in 1995 to $102M in 2022.

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

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

Latest Data

Trade between Mongolia (Flag) and Turkey (Flag)

Mongolia Exports

Turkey Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
Turkey
Top DestinationGermany$21.9B

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

In 2021, countries that imported more from Mongolia than Turkey were China ($10.6B) and Switzerland ($1.98B).

In 2021, countries that imported more from Turkey than Mongolia were Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Mongolia - Turkey

Flow
Scale

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

During 2022, Mongolia had a large net trade with Turkey in the exports of Animal Hides ($1.65M), Textiles ($185k), and Vegetable Products ($150k).

During 2022, Turkey had a large net trade with Mongolia in the exports of Machines ($18.8M), Foodstuffs ($15.6M), and Precious Metals ($14.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Turkey. Similarly, the more yellow a dot/product is, the more Turkey has comparative advantage over Mongolia.

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

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