2022
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GDP
$40.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.1%CURRENT US$
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2022
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 GDP
$16.8BCURRENT US$
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2012-2022
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GDP GROWTH
36.8%CURRENT US$
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2022
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GDP PC 
$1,337CURRENT US$
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2012-2022
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GDP PC GROWTH
68.3%CURRENT US$
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2022
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GDP PC
$4,947CURRENT US$
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2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
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About

Nepal-Mongolia In 2022, Nepal exported $30.2k to Mongolia. The main products that Nepal exported to Mongolia are Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). During the last 22 years the exports of Nepal to Mongolia have increased at an annualized rate of 10.5%, from $3.33k in 2000 to $30.2k in 2022.

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

Mongolia-Nepal In 2022, Mongolia exported $334k to Nepal. The main products that Mongolia exported to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). During the last 22 years the exports of Mongolia to Nepal have increased at an annualized rate of 19.3%, from $6.86k in 2000 to $334k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nepal exported $30.2k to Mongolia. The main products exported from Nepal to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). During the last 22 years the exports of Nepal to Mongolia have increased at an annualized rate of 10.5%, from $3.33k in 2000 to $30.2k in 2022.

In 2022, Mongolia exported $334k to Nepal. The main products exported from Mongolia to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). During the last 25 years the exports of Mongolia to Nepal have increased at an annualized rate of 19.3%, from $6.86k in 1997 to $334k in 2022.

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

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

Latest Data

Trade between Nepal (Flag) and Mongolia (Flag)

Mongolia Exports

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Mongolia
Top Destination
China$10.6B

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

In 2021, countries that imported more from Nepal than Mongolia were India ($956M), United States ($152M), and Turkey ($28.3M).

In 2021, countries that imported more from Mongolia than Nepal were China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Nepal - Mongolia

Flow
Scale

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

During 2022, Nepal had a large net trade with Mongolia in the exports of Miscellaneous ($13k), Instruments ($5.42k), and Precious Metals ($3.58k).

During 2022, Mongolia had a large net trade with Nepal in the exports of Textiles ($333k), Machines ($808), and Paper Goods ($25).

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 Nepal has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Nepal.

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

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