Mongolia (MNG) and Zimbabwe (ZWE) Trade | The Observatory of Economic Complexity

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Mongolia-Zimbabwe Trade: In 2018, Mongolia exported $361 to Zimbabwe. The main products that Mongolia exported to Zimbabwe were N/A. Over the past 10 years the exports of Mongolia to Zimbabwe have decreased at an annualized rate of 0.33%, from $373 in 2008 to $361 in 2018.

In 2018, Mongolia did not export any services to Zimbabwe.

Zimbabwe-Mongolia Trade: In 2018, Zimbabwe exported $63.3k to Mongolia. The main products that Zimbabwe exported to Mongolia were Leather of Other Animals ($55.7k), Citrus ($7.28k), and Valves ($157). Over the past 10 years the exports of Zimbabwe to Mongolia have increased at an annualized rate of 300%, from $62 in 2008 to $63.3k in 2018.

In 2018, Zimbabwe 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, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Mongolia exported $361 to Zimbabwe. There were not main exports from Mongolia to Zimbabwe in 2018. During the last 10 years the exports of Mongolia to Zimbabwe have decreased at an annualized rate of 0.33%, from $373 in 2008 to $361 in 2018.

In 2017, Zimbabwe exported $63.3k to Mongolia. The main products exported from Zimbabwe to Mongolia were Leather of Other Animals ($55.7k), Citrus ($7.28k), and Valves ($157). During the last 5 years the exports of Zimbabwe to Mongolia have increased at an annualized rate of 300%, from $62 in 2022 to $63.3k in 2017.

Exports from Mongolia () to Zimbabwe () (2022)

Exports from Zimbabwe () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Zimbabwe
Top DestinationUnited Arab Emirates$4.78B

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

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

In 2022, countries that imported more from Zimbabwe than Mongolia included United Arab Emirates ($4.78B), South Africa ($1.47B), and Belgium ($297M).

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

Comparative Advantage Mongolia - Zimbabwe

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Mongolia had a large net trade with Zimbabwe in the exports of .

During 2017, Zimbabwe had a large net trade with Mongolia in the exports of Animal Hides ($55.7k), Vegetable Products ($7.32k), and Machines ($253).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Zimbabwe+$2.44kGold

Top Product Potential Zimbabwe Mongolia+$14.2kCitrus

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Zimbabwe () (2022)

Exports from Zimbabwe () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Zimbabwe

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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