Mongolia (MNG) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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

Venezuela-Mongolia Trade: In N/A, Venezuela exported $2.08k to Mongolia. The main products that Venezuela exported to Mongolia were Gas and Liquid Flow Measuring Instruments ($2.03k) and Other Rubber Products ($47). Over the past N/A years the exports of Venezuela to Mongolia have decreased at an annualized rate of 3.48%, from $2.48k in N/A to $2.08k in N/A.

In N/A, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Mongolia does not register exports to Venezuela.

In 2017, Venezuela exported $2.08k to Mongolia. The main products exported from Venezuela to Mongolia were Gas and Liquid Flow Measuring Instruments ($2.03k) and Other Rubber Products ($47). During the last 5 years the exports of Venezuela to Mongolia have decreased at an annualized rate of 3.48%, from $2.48k in 2022 to $2.08k in 2017.

Exports from Mongolia () to Venezuela () (2022)

Exports from Venezuela () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Mongolia included Turkey ($597M), Spain ($518M), and United States ($438M).

Difference in imports from Venezuela () and Mongolia () (2022)

Comparative Advantage Mongolia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Venezuela had a large net trade with Mongolia in the exports of Instruments ($2.03k) and Plastics and Rubbers ($47).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Venezuela () (2022)

Exports from Venezuela () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Venezuela () and Mongolia () (2022)

Comparative Advantage Mongolia - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Venezuela () (2022)

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