Slovakia (SVK) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Slovakia-Mongolia Trade: In 2022, Slovakia exported $11.7M to Mongolia. The main products that Slovakia exported to Mongolia were Cars ($8.69M), Jams ($930k), and Dental Products ($319k). Over the past 5 years the exports of Slovakia to Mongolia have increased at an annualized rate of 39.1%, from $2.25M in 2017 to $11.7M in 2022.

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

Mongolia-Slovakia Trade: In 2022, Mongolia exported $44.5k to Slovakia. The main products that Mongolia exported to Slovakia were Knit Socks and Hosiery ($21.7k), Surveying Equipment ($5.98k), and Knit Men's Suits ($3.36k). Over the past 5 years the exports of Mongolia to Slovakia have decreased at an annualized rate of 29.4%, from $255k in 2017 to $44.5k in 2022.

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

Comparison: In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). 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, Slovakia exported $11.7M to Mongolia. The main products exported from Slovakia to Mongolia were Cars ($8.69M), Jams ($930k), and Dental Products ($319k). During the last 5 years the exports of Slovakia to Mongolia have increased at an annualized rate of 39.1%, from $2.25M in 2017 to $11.7M in 2022.

In 2017, Mongolia exported $44.5k to Slovakia. The main products exported from Mongolia to Slovakia were Knit Socks and Hosiery ($21.7k), Surveying Equipment ($5.98k), and Knit Men's Suits ($3.36k). During the last 5 years the exports of Mongolia to Slovakia have decreased at an annualized rate of 29.4%, from $255k in 2022 to $44.5k in 2017.

Exports from Slovakia () to Mongolia () (2022)

Exports from Mongolia () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Mongolia ()

Slovakia Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Slovakia than Mongolia included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

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

Comparative Advantage Slovakia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Mongolia in the exports of Transportation ($8.8M), Foodstuffs ($1.04M), and Machines ($599k).

During 2017, Mongolia had a large net trade with Slovakia in the exports of Textiles ($35.4k), Instruments ($5.98k), and Metals ($1.88k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Slovakia Mongolia+$7.82MCars

Top Product Potential Mongolia Slovakia+$29.5kKnit Socks and Hosiery

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

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Mongolia () (2022)

Exports from Mongolia () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Mongolia ()

Slovakia Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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