Oman (OMN) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Oman-Mongolia Trade: In 2023, Oman exported $5.12k to Mongolia. The main products that Oman exported to Mongolia were Motor vehicles; parts and accessories (8701 to 8705) ($4.73k), Centrifuges ($268), and Electrical Ignitions ($122). Over the past 9 years the exports of Oman to Mongolia have decreased at an annualized rate of 38.9%, from $430k in 2014 to $5.12k in 2023.

In 2023, Oman did not export any services to Mongolia.

Mongolia-Oman Trade: In 2023, Mongolia exported $9.2k to Oman. The main products that Mongolia exported to Oman were Knit Sweaters ($4.86k), Non-Knit Women's Suits ($2.96k), and Knit Babies' Garments ($830). Over the past 9 years the exports of Mongolia to Oman have increased at an annualized rate of 55.9%, from $1k in 2014 to $9.2k in 2023.

In 2023, Mongolia did not export any services to Oman.

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). 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, Oman exported $5.12k to Mongolia. The main products exported from Oman to Mongolia were Motor vehicles; parts and accessories (8701 to 8705) ($4.73k), Centrifuges ($268), and Electrical Ignitions ($122). During the last 9 years the exports of Oman to Mongolia have decreased at an annualized rate of 38.9%, from $430k in 2014 to $5.12k in 2023.

In 2018, Mongolia exported $9.2k to Oman. The main products exported from Mongolia to Oman were Knit Sweaters ($4.86k), Non-Knit Women's Suits ($2.96k), and Knit Babies' Garments ($830). During the last 5 years the exports of Mongolia to Oman have increased at an annualized rate of 55.9%, from $1k in 2023 to $9.2k in 2018.

Exports from Oman () to Mongolia () (2023)

Exports from Mongolia () to Oman () (2023)

Latest Data

Trade between Oman () and Mongolia ()

Mongolia Exports

Date

May 2019

Jul 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Oman than Mongolia included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

In 2023, countries that imported more from Mongolia than Oman included Switzerland ($842M), Uzbekistan ($3.49M), and Kyrgyzstan ($2.12M).

Difference in imports from Mongolia () and Oman () (2023)

Comparative Advantage Oman - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Oman had a large net trade with Mongolia in the exports of Transportation ($4.73k) and Machines ($390).

During 2018, Mongolia had a large net trade with Oman in the exports of Textiles ($9.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Mongolia+$4.43kRefined Petroleum

Top Product Potential Mongolia Oman+$3.97kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Mongolia () (2023)

Exports from Mongolia () to Oman () (2023)

Latest Data

Trade between Oman () and Mongolia ()

Mongolia Exports

Market Competitiveness

Difference in imports from Mongolia () and Oman () (2023)

Comparative Advantage Oman - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Mongolia () (2023)

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