New Zealand (NZL) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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New Zealand-Mongolia Trade: In 2023, New Zealand exported $7.36M to Mongolia. The main products that New Zealand exported to Mongolia were Concentrated Milk ($4.89M), Cheese ($912k), and Wool ($425k). Over the past 5 years the exports of New Zealand to Mongolia have decreased at an annualized rate of 0.94%, from $7.71M in 2018 to $7.36M in 2023.

In 2023, New Zealand did not export any services to Mongolia.

Mongolia-New Zealand Trade: In 2023, Mongolia exported $307k to New Zealand. The main products that Mongolia exported to New Zealand were Liquid Pumps ($210k), Knit Sweaters ($28.9k), and Bedspreads ($21.2k). Over the past 5 years the exports of Mongolia to New Zealand have increased at an annualized rate of 36.3%, from $65.3k in 2018 to $307k in 2023.

In 2023, Mongolia did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $7.36M to Mongolia. The main products exported from New Zealand to Mongolia were Concentrated Milk ($4.89M), Cheese ($912k), and Wool ($425k). During the last 5 years the exports of New Zealand to Mongolia have decreased at an annualized rate of 0.94%, from $7.71M in 2018 to $7.36M in 2023.

In 2018, Mongolia exported $307k to New Zealand. The main products exported from Mongolia to New Zealand were Liquid Pumps ($210k), Knit Sweaters ($28.9k), and Bedspreads ($21.2k). During the last 5 years the exports of Mongolia to New Zealand have increased at an annualized rate of 36.3%, from $65.3k in 2023 to $307k in 2018.

Exports from New Zealand () to Mongolia () (2023)

Exports from Mongolia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Mongolia ()

New Zealand Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from New Zealand than Mongolia included United States ($5.42B), Australia ($5.2B), and Japan ($2.62B).

In 2023, countries that imported more from Mongolia than New Zealand included China ($13.1B), Switzerland ($842M), and Uzbekistan ($3.49M).

Difference in imports from Mongolia () and New Zealand () (2023)

Comparative Advantage New Zealand - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Mongolia in the exports of Animal Products ($6.07M), Textiles ($429k), and Machines ($366k).

During 2018, Mongolia had a large net trade with New Zealand in the exports of Machines ($211k), Textiles ($74.1k), and Miscellaneous ($11.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Mongolia+$287kCheese

Top Product Potential Mongolia New Zealand+$55.5kKnit Sweaters

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Mongolia () (2023)

Exports from Mongolia () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Mongolia ()

New Zealand Exports

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and New Zealand () (2023)

Comparative Advantage New Zealand - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Mongolia () (2023)

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