Nepal (NPL) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Nepal-Mongolia Trade: In 2022, Nepal exported $30.2k to Mongolia. The main products that Nepal exported to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). Over the past 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 18.6%, from $12.9k in 2017 to $30.2k in 2022.

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

Mongolia-Nepal Trade: 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). Over the past 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 13.2%, from $52.3k in 2017 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 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 18.6%, from $12.9k in 2017 to $30.2k in 2022.

In 2017, 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 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 13.2%, from $52.3k in 2022 to $334k in 2017.

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

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

Latest Data

Trade between Nepal () and Mongolia ()

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Mongolia
Top DestinationChina$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 2022, countries that imported more from Nepal than Mongolia included India ($956M), United States ($152M), and Turkey ($28.3M).

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

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

Comparative Advantage Nepal - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2017, Mongolia had a large net trade with Nepal in the exports of Textiles ($333k), Machines ($808), and Paper Goods ($25).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Mongolia+$9.89kJewellery

Top Product Potential Mongolia Nepal+$11.9kAnimal Hair

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Nepal () and Mongolia ()

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Nepal - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring