Uruguay (URY) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Uruguay-Mongolia Trade: In 2023, Uruguay exported $201k to Mongolia. The main products that Uruguay exported to Mongolia were Cheese ($190k), Ornamental Ceramics ($10.7k), and Other Wood Articles ($270). Over the past 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 2.02%, from $182k in 2018 to $201k in 2023.

In 2023, Uruguay did not export any services to Mongolia.

Mongolia-Uruguay In N/A, Mongolia did not export any products to Uruguay.

In 2023, Mongolia did not export any services to Uruguay.

Comparison: In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). That same year, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Uruguay exported $201k to Mongolia. The main products exported from Uruguay to Mongolia were Cheese ($190k), Ornamental Ceramics ($10.7k), and Other Wood Articles ($270). During the last 5 years the exports of Uruguay to Mongolia have increased at an annualized rate of 2.02%, from $182k in 2018 to $201k in 2023.

Mongolia does not register exports to Uruguay. The main products exported from Mongolia to Uruguay were Scarves ($9.54k) and Motor vehicles; parts and accessories (8701 to 8705) ($4.08k).

Exports from Uruguay () to Mongolia () (2023)

Exports from Mongolia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Mongolia ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Mongolia
Top DestinationChina$13.1B

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

In 2023, countries that imported more from Uruguay than Mongolia included Brazil ($1.92B), United States ($880M), and Argentina ($569M).

In 2023, countries that imported more from Mongolia than Uruguay included China ($13.1B), Switzerland ($842M), and Chinese Taipei ($27.8M).

Difference in imports from Mongolia () and Uruguay () (2023)

Comparative Advantage Uruguay - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Mongolia in the exports of Animal Products ($190k), Stone And Glass ($10.7k), and Wood Products ($270).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Mongolia+$145kConcentrated Milk

Top Product Potential Mongolia Uruguay+$3.41kMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Mongolia () (2023)

Exports from Mongolia () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Mongolia ()

Uruguay Exports

Market Competitiveness

Difference in imports from Mongolia () and Uruguay () (2023)

Comparative Advantage Uruguay - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Mongolia () (2023)

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