Mongolia (MNG) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Mongolia-Uruguay Trade: In 2023, Mongolia exported $13.6k to Uruguay. The main products that Mongolia exported to Uruguay were Scarves ($9.54k) and Motor vehicles; parts and accessories (8701 to 8705) ($4.08k). Over the past 6 years the exports of Mongolia to Uruguay have increased at an annualized rate of 205%, from $17 in 2017 to $13.6k in 2023.

In 2023, Mongolia did not export any services to Uruguay.

Uruguay-Mongolia Trade: In 2023, Uruguay exported $201k to Mongolia. The main products that Uruguay exported to Mongolia were Cheese ($190k), Ornamental Ceramics ($10.7k), and Other Wood Articles ($270). Over the past 6 years the exports of Uruguay to Mongolia have increased at an annualized rate of 2.02%, from $182k in 2017 to $201k in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mongolia exported $13.6k to Uruguay. The main products exported from Mongolia to Uruguay were Scarves ($9.54k) and Motor vehicles; parts and accessories (8701 to 8705) ($4.08k). During the last 6 years the exports of Mongolia to Uruguay have increased at an annualized rate of 205%, from $17 in 2017 to $13.6k in 2023.

In 2018, Uruguay exported $201k to Mongolia. The main products exported from Uruguay to Mongolia were Cheese ($190k), Ornamental Ceramics ($10.7k), and Other Wood Articles ($270). During the last 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 2.02%, from $182k in 2023 to $201k in 2018.

Exports from Mongolia () to Uruguay () (2023)

Exports from Uruguay () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Mongolia than Uruguay included China ($13.1B), Switzerland ($842M), and Chinese Taipei ($27.8M).

In 2023, countries that imported more from Uruguay than Mongolia included Brazil ($1.92B), United States ($880M), and Argentina ($569M).

Difference in imports from Uruguay () and Mongolia () (2023)

Comparative Advantage Mongolia - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mongolia had a large net trade with Uruguay in the exports of Textiles ($9.54k) and Transportation ($4.08k).

During 2018, Uruguay had a large net trade with Mongolia in the exports of Animal Products ($190k), Stone And Glass ($10.7k), and Wood Products ($270).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Uruguay+$3.41kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Uruguay Mongolia+$145kConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Uruguay () (2023)

Exports from Uruguay () to Mongolia () (2023)

Latest Data

Trade between Mongolia () and Uruguay ()

Uruguay Exports

Market Competitiveness

Difference in imports from Uruguay () and Mongolia () (2023)

Comparative Advantage Mongolia - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Uruguay () (2023)

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