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Pricing

2022
Flag → Flag
Exports $24.2MRnk 9 / 113
2022
Flag → Flag
Top Product $10.7MOther Nuts
2022
Flag → Flag
Exports $241MRnk 128 / 219
2022
Flag → Flag
Top Product $56.7MPlanes, Helicopters, and/or Spacecraft
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Mongolia-United States Trade: In 2022, Mongolia exported $24.2M to United States. The main products that Mongolia exported to United States were Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). Over the past 5 years the exports of Mongolia to United States have increased at an annualized rate of 15.3%, from $11.9M in 2017 to $24.2M in 2022.

In 2022, Mongolia did not export any services to United States.

United States-Mongolia Trade: In 2022, United States exported $241M to Mongolia. The main products that United States exported to Mongolia were Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). Over the past 5 years the exports of United States to Mongolia have increased at an annualized rate of 2.08%,  from $159M in 2017 to $241M in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $24.2M to United States. The main products exported from Mongolia to United States were Other Nuts ($10.7M), Knit Sweaters ($4.43M), and Molybdenum Ore ($1.72M). During the last 5 years the exports of Mongolia to United States have increased at an annualized rate of 15.3%, from $11.9M in 2017 to $24.2M in 2022.

In 2017, United States exported $241M to Mongolia. The main products exported from United States to Mongolia were Planes, Helicopters, and/or Spacecraft ($56.7M), Cars ($43M), and Delivery Trucks ($23.2M). During the last 5 years the exports of United States to Mongolia have increased at an annualized rate of 2.08%, from $159M in 2022 to $241M in 2017.

Exports from Mongolia (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Mongolia (Flag) (2022)

Latest Data

Trade between Mongolia (Flag) and United States (Flag)

Mongolia Exports

United States Exports

Market Competitiveness

Color
Mongolia
Top DestinationChina$10.6B
United States
Top DestinationCanada$308B

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

In 2022, no countries were registered that imported more from Mongolia than from United States.

In 2022, countries that imported more from United States than Mongolia included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - United States

Flow
Scale

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

During 2022, Mongolia had a large net trade with United States in the exports of Vegetable Products ($10.7M), Textiles ($6.58M), and Mineral Products ($2.48M).

During 2017, United States had a large net trade with Mongolia in the exports of Transportation ($133M), Machines ($46.2M), and Foodstuffs ($12.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia United States+$5.59MKnit Sweaters
Top Product Potential United States Mongolia+$20.1MCars

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

Product Space of Mongolia (Flag) and United States (Flag) (2022)

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