Argentina (ARG) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

About

Argentina-Mongolia Trade: In 2022, Argentina exported $5.94M to Mongolia. The main products that Argentina exported to Mongolia were Chocolate ($2.98M), Cheese ($1.75M), and Wine ($275k). Over the past 5 years the exports of Argentina to Mongolia have increased at an annualized rate of 22.2%, from $2.18M in 2017 to $5.94M in 2022.

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

Mongolia-Argentina Trade: In 2022, Mongolia exported $1.24k to Argentina. The main products that Mongolia exported to Argentina were Other Measuring Instruments ($1k) and Motor vehicles; parts and accessories (8701 to 8705) ($242). Over the past 5 years the exports of Mongolia to Argentina have decreased at an annualized rate of 67%, from $320k in 2017 to $1.24k in 2022.

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

Comparison: In 2022, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). 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, Argentina exported $5.94M to Mongolia. The main products exported from Argentina to Mongolia were Chocolate ($2.98M), Cheese ($1.75M), and Wine ($275k). During the last 5 years the exports of Argentina to Mongolia have increased at an annualized rate of 22.2%, from $2.18M in 2017 to $5.94M in 2022.

In 2017, Mongolia exported $1.24k to Argentina. The main products exported from Mongolia to Argentina were Other Measuring Instruments ($1k) and Motor vehicles; parts and accessories (8701 to 8705) ($242). During the last 5 years the exports of Mongolia to Argentina have decreased at an annualized rate of 67%, from $320k in 2022 to $1.24k in 2017.

Exports from Argentina () to Mongolia () (2022)

Exports from Mongolia () to Argentina () (2022)

Latest Data

Trade between Argentina () and Mongolia ()

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Argentina than Mongolia included Brazil ($12.6B), United States ($6.99B), and Chile ($5.11B).

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

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

Comparative Advantage Argentina - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Argentina had a large net trade with Mongolia in the exports of Foodstuffs ($3.57M), Animal Products ($1.75M), and Vegetable Products ($344k).

During 2017, Mongolia had a large net trade with Argentina in the exports of Instruments ($1k) and Transportation ($242).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina Mongolia+$250kPackaged Medicaments

Top Product Potential Mongolia Argentina+$4.99kCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to Mongolia () (2022)

Exports from Mongolia () to Argentina () (2022)

Latest Data

Trade between Argentina () and Mongolia ()

Argentina Exports

Market Competitiveness

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

Comparative Advantage Argentina - Mongolia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring