Papua New Guinea (PNG) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Mongolia Trade: In 2022, Papua New Guinea exported $1.77k to Mongolia. The main products that Papua New Guinea exported to Mongolia were Pharmaceutical Rubber Products ($1.77k). Over the past 9 years the exports of Papua New Guinea to Mongolia have increased at an annualized rate of 15.8%, from $470 in 2013 to $1.77k in 2022.

In 2022, Papua New Guinea did not export any services to Mongolia.

Mongolia-Papua New Guinea In N/A, Mongolia did not export any products to Papua New Guinea.

In 2022, Mongolia did not export any services to Papua New Guinea.

Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). 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, Papua New Guinea exported $1.77k to Mongolia. The main products exported from Papua New Guinea to Mongolia were Pharmaceutical Rubber Products ($1.77k). During the last 9 years the exports of Papua New Guinea to Mongolia have increased at an annualized rate of 15.8%, from $470 in 2013 to $1.77k in 2022.

Mongolia does not register exports to Papua New Guinea. The main products exported from Mongolia to Papua New Guinea were Gaskets ($6.35k), Other Engines ($3.49k), and Ball Bearings ($2.7k).

Exports from Papua New Guinea () to Mongolia () (2022)

Exports from Mongolia () to Papua New Guinea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Papua New Guinea than Mongolia included Japan ($4.03B), Australia ($1.74B), and Chinese Taipei ($1.46B).

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

Difference in imports from Mongolia () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Papua New Guinea had a large net trade with Mongolia in the exports of Plastics and Rubbers ($1.77k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Papua New Guinea Mongolia+$3.54kRefined Petroleum

Top Product Potential Mongolia Papua New Guinea+$6.59kOther Engines

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

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Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Mongolia () (2022)

Exports from Mongolia () to Papua New Guinea () (2022)

Market Competitiveness

Difference in imports from Mongolia () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Mongolia () (2022)

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