Russia (RUS) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Mongolia (MNG) Trade

2022

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Exports $2.44BRnk 33 / 138

2022

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About

Russia-Mongolia In 2022, Russia exported $2.44B to Mongolia. The main products that Russia exported to Mongolia are Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). During the last 26 years the exports of Russia to Mongolia have increased at an annualized rate of 9.73%, from $218M in 1996 to $2.44B in 2022.

In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Mongolia-Russia In 2022, Mongolia exported $112M to Russia. The main products that Mongolia exported to Russia were Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). During the last 26 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.24%, from $264M in 1996 to $112M in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Mongolia ranked 110 in the Economic Complexity Index (ECI -1.14), and 94 in total exports ($13.6B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $99.8M and imported $2.16M from Mongolia, resulting in a positive trade balance of $97.6M. Between January 2021 and January 2022 the exports of Russia have increased by $752k (0.76%) from $99M to $99.8M, while imports decreased by $-1.98M (-47.8%) from $4.14M to $2.16M.

Trade In January 2022, the top exports of Russia to Mongolia were Refined Petroleum ($45.8M), Wheat ($20.5M), Nitrogenous Fertilizers ($3.19M), Electricity ($2.76M), and Seed Oils ($2.48M). In January 2022 the top imports of Russia from Mongolia were Feldspar ($3.32M), Iron Railway Products ($271k), Knit Socks and Hosiery ($110k), Knit Sweaters ($75.8k), and Hard Liquor ($65.2k).

Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($23.6M), SAMARA REGION ($13.9M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($11.6M), IRKUTSK REGION ($5.25M), and REPUBLIC OF BURYATIA ($4.4M), while imports destinations were mainly IRKUTSK REGION ($540k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($258k), KEMEROVO REGION ($209k), REPUBLIC OF BURYATIA ($151k), and PERM TERRITORY ($134k).

Growth In January 2022, the increase in Russia's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Wheat ($20.4M or 27.7k%), Seed Oils ($1.89M or 320%), and Soybean Oil ($766k or 1.44k%). In January 2022, the decrease in Russia's year-by-year imports from Mongolia was explained primarily by an decrease in product imports in Electricity ($-5.38k or -14.5%) and Other Non-Knit Clothing Accessories ($-415 or -30.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$752k(0.76%)

IMPORT GROWTH (January 2021 - January 2022)$-1.98M(-47.8%)

MAIN EXPORTER (January 2022)KEMEROVO REGION$23.6M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $2.44B to Mongolia. The main products exported from Russia to Mongolia were Refined Petroleum ($1.43B), Raw Iron Bars ($117M), and Nitrogenous Fertilizers ($108M). During the last 26 years the exports of Russia to Mongolia have increased at an annualized rate of 9.73%, from $218M in 1996 to $2.44B in 2022.

In 2022, Mongolia exported $112M to Russia. The main products exported from Mongolia to Russia were Feldspar ($46.5M), Planes, Helicopters, and/or Spacecraft ($28.5M), and Rubber Tires ($7.59M). During the last 26 years the exports of Mongolia to Russia have decreased at an annualized rate of 3.24%, from $264M in 1996 to $112M in 2022.

Exports from Russia () to Mongolia () (2022)

Exports from Mongolia () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Mongolia
Top DestinationChina$10.6B

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

In 2021, countries that imported more from Russia than Mongolia were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Mongolia than Russia were Iran ($7.39M), Saudi Arabia ($672k), and Sudan ($419k).

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

Comparative Advantage Russia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Mongolia in the exports of Mineral Products ($1.52B), Chemical Products ($179M), and Metals ($163M).

During 2022, Mongolia had a large net trade with Russia in the exports of Mineral Products ($53.5M), Transportation ($31.5M), and Plastics and Rubbers ($8.05M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Mongolia worth $97.4M, with Communications services ($44.9M), Transportation ($27.1M), and Travel ($12.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Mongolia () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Russia.

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

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