2023
Flag  
GDP
$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP
$20.3BCURRENT US$
Rnk 120 / 195
2013-2023
Flag
GDP GROWTH
61.5%CURRENT US$
Rnk 51 / 195
2023
Flag
GDP PC 
$82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH
55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC
$5,839CURRENT US$
Rnk 116 / 196
2013-2023
Flag
GDP PC GROWTH
34.5%CURRENT US$
Rnk 70 / 195

About

In N/A, United States did not export any services to Mongolia.

Mongolia-United States Trade: In N/A, Mongolia exported $29.9M to United States. The main products that Mongolia exported to United States were Other Nuts ($17.7M), Knit Sweaters ($4.1M), and Tungsten Ore ($3.95M). Over the past N/A years the exports of Mongolia to United States have increased at an annualized rate of 12.3%,  from $10.5M in N/A to $29.9M in N/A.

In N/A, Mongolia did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). 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
Value

United States does not register exports to Mongolia. The main products exported from United States to Mongolia were Cars ($27M), Rubber Tires ($17.9M), and Combustion Engines ($13.9M).

In 2018, Mongolia exported $29.9M to United States. The main products exported from Mongolia to United States were Other Nuts ($17.7M), Knit Sweaters ($4.1M), and Tungsten Ore ($3.95M). During the last 5 years the exports of Mongolia to United States have increased at an annualized rate of 7.02%, from $22.9M in 2023 to $29.9M in 2018.

Exports from United States (Flag) to Mongolia (Flag) (2023)

Exports from Mongolia (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top Destination
N/AN/A
Mongolia
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Mongolia (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Mongolia

Flow
Scale

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

During 2018, Mongolia had a large net trade with United States in the exports of Vegetable Products ($17.8M), Textiles ($5.54M), and Mineral Products ($4.06M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Mongolia. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Mongolia (Flag) (2023)

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