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Pricing

2022
Flag → Flag
Exports $1.04MRnk 167 / 208
2022
Flag → Flag
Top Product $183kValves
2022
Flag → Flag
Exports $262kRnk 52 / 113
2022
Flag → Flag
Top Product $227kKnit Sweaters
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Portugal-Mongolia Trade: In 2022, Portugal exported $1.04M to Mongolia. The main products that Portugal exported to Mongolia were Valves ($183k), Leather Footwear ($147k), and Plastic Housewares ($51.3k). Over the past 5 years the exports of Portugal to Mongolia have increased at an annualized rate of 6.6%, from $755k in 2017 to $1.04M in 2022.

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

Mongolia-Portugal Trade: In 2022, Mongolia exported $262k to Portugal. The main products that Mongolia exported to Portugal were Knit Sweaters ($227k), Knit Women's Suits ($12.9k), and Carded Wool or Animal Hair Fabric ($8.01k). Over the past 5 years the exports of Mongolia to Portugal have increased at an annualized rate of 60.2%,  from $24.8k in 2017 to $262k in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €4.7k and imported €1.55k from Mongolia, resulting in a positive trade balance of €3.15k. Between August 2023 and August 2024 the exports of Portugal have decreased by €-54.5k (-92.1%) from €59.2k to €4.7k, while imports increased by €1.55k (N/A%) from €0 to €1.55k.

Trade In August 2024, the top exports of Portugal to Mongolia were Machinery, mechanical appliances, & parts (€23.5k), Footwear (€19.4k), Perfumery & cosmetics (€7.67k), Precious stones, metals, & pearls (€333), and Live animals (€0). In August 2024 the top imports of Portugal from Mongolia were Knitted clothing accesories (€26.4k), Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Perfumery & cosmetics (€-2.52k or -24.7%), Misc. manufactures (€-198 or -100%), and Leather articles (€-95 or -100%). In August 2024, the increase in Portugal's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-54.5k(-92.1%)
IMPORT GROWTH (August 2023 - August 2024)€1.55k(N/A%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Mongolia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.04M to Mongolia. The main products exported from Portugal to Mongolia were Valves ($183k), Leather Footwear ($147k), and Plastic Housewares ($51.3k). During the last 5 years the exports of Portugal to Mongolia have increased at an annualized rate of 6.6%, from $755k in 2017 to $1.04M in 2022.

In 2017, Mongolia exported $262k to Portugal. The main products exported from Mongolia to Portugal were Knit Sweaters ($227k), Knit Women's Suits ($12.9k), and Carded Wool or Animal Hair Fabric ($8.01k). During the last 5 years the exports of Mongolia to Portugal have increased at an annualized rate of 60.2%, from $24.8k in 2022 to $262k in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Portugal than Mongolia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Mongolia

Flow
Scale

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

During 2022, Portugal had a large net trade with Mongolia in the exports of Machines ($239k), Footwear and Headwear ($217k), and Textiles ($181k).

During 2017, Mongolia had a large net trade with Portugal in the exports of Textiles ($254k), Machines ($3.12k), and Footwear and Headwear ($2.85k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Mongolia+$387kLeather Footwear
Top Product Potential Mongolia Portugal+$212kKnit 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

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

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

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