Romania (ROU) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Romania-Mongolia Trade: In 2022, Romania exported $7.16M to Mongolia. The main products that Romania exported to Mongolia were Packaged Medicaments ($2.41M), Hair Products ($1.22M), and Processed Tobacco ($978k). Over the past 5 years the exports of Romania to Mongolia have increased at an annualized rate of 16.4%, from $3.36M in 2017 to $7.16M in 2022.

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

Mongolia-Romania Trade: In 2022, Mongolia exported $16.5k to Romania. The main products that Mongolia exported to Romania were Knit Sweaters ($6.71k), Other Knit Clothing Accessories ($2.76k), and Leather Footwear ($1.93k). Over the past 5 years the exports of Mongolia to Romania have decreased at an annualized rate of 23.3%, from $62.5k in 2017 to $16.5k in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $7.16M to Mongolia. The main products exported from Romania to Mongolia were Packaged Medicaments ($2.41M), Hair Products ($1.22M), and Processed Tobacco ($978k). During the last 5 years the exports of Romania to Mongolia have increased at an annualized rate of 16.4%, from $3.36M in 2017 to $7.16M in 2022.

In 2017, Mongolia exported $16.5k to Romania. The main products exported from Mongolia to Romania were Knit Sweaters ($6.71k), Other Knit Clothing Accessories ($2.76k), and Leather Footwear ($1.93k). During the last 5 years the exports of Mongolia to Romania have decreased at an annualized rate of 23.3%, from $62.5k in 2022 to $16.5k in 2017.

Exports from Romania () to Mongolia () (2022)

Exports from Mongolia () to Romania () (2022)

Latest Data

Trade between Romania () and Mongolia ()

Romania Exports

Date

Mongolia Exports

Date

Aug 2018

Oct 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Romania than Mongolia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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

Comparative Advantage Romania - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Mongolia in the exports of Chemical Products ($3.68M), Foodstuffs ($1.35M), and Machines ($1.22M).

During 2017, Mongolia had a large net trade with Romania in the exports of Textiles ($14k) and Footwear and Headwear ($2.52k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Mongolia+$775kPackaged Medicaments

Top Product Potential Mongolia Romania+$38.7kKnit 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 Romania and Mongolia. This means that a dot/product with the flag of Romania indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Romania.

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Mongolia () (2022)

Exports from Mongolia () to Romania () (2022)

Latest Data

Trade between Romania () and Mongolia ()

Romania Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Romania - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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