Turkey (TUR) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Turkey-Mongolia Trade: In 2022, Turkey exported $102M to Mongolia. The main products that Turkey exported to Mongolia were Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). Over the past 5 years the exports of Turkey to Mongolia have increased at an annualized rate of 26.8%, from $31.2M in 2017 to $102M in 2022.

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

Mongolia-Turkey Trade: In 2022, Mongolia exported $2.17M to Turkey. The main products that Mongolia exported to Turkey were Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). Over the past 5 years the exports of Mongolia to Turkey have decreased at an annualized rate of 4.31%, from $2.71M in 2017 to $2.17M in 2022.

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

Comparison: In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $102M to Mongolia. The main products exported from Turkey to Mongolia were Jewellery ($13.5M), Electric Heaters ($9.33M), and Iron Radiators ($6.89M). During the last 5 years the exports of Turkey to Mongolia have increased at an annualized rate of 26.8%, from $31.2M in 2017 to $102M in 2022.

In 2017, Mongolia exported $2.17M to Turkey. The main products exported from Mongolia to Turkey were Tanned Goat Hides ($1.34M), Tanned Equine and Bovine Hides ($250k), and Other Nuts ($150k). During the last 5 years the exports of Mongolia to Turkey have decreased at an annualized rate of 4.31%, from $2.71M in 2022 to $2.17M in 2017.

Exports from Turkey () to Mongolia () (2022)

Exports from Mongolia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Mongolia ()

Turkey Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Turkey than Mongolia included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

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

Comparative Advantage Turkey - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Mongolia in the exports of Machines ($18.8M), Foodstuffs ($15.6M), and Precious Metals ($14.3M).

During 2017, Mongolia had a large net trade with Turkey in the exports of Animal Hides ($1.65M), Textiles ($185k), and Vegetable Products ($150k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Mongolia+$2.7MRefined Petroleum

Top Product Potential Mongolia Turkey+$476kOther Nuts

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Mongolia () (2022)

Exports from Mongolia () to Turkey () (2022)

Latest Data

Trade between Turkey () and Mongolia ()

Turkey Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Turkey - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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