Bolivia (BOL) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Bolivia-Mongolia Trade: In 2022, Bolivia exported $1.27k to Mongolia. The main products that Bolivia exported to Mongolia were Coconuts, Brazil Nuts, and Cashews ($895) and Ground Nuts ($378). Over the past 5 years the exports of Bolivia to Mongolia have decreased at an annualized rate of 26.3%, from $5.86k in 2017 to $1.27k in 2022.

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

Mongolia-Bolivia Trade: In 2022, Mongolia exported $46 to Bolivia. The main products that Mongolia exported to Bolivia were Knit Men's Undergarments ($35) and Trunks and Cases ($11). Over the past 5 years the exports of Mongolia to Bolivia have decreased at an annualized rate of 28.8%, from $695 in 2017 to $46 in 2022.

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

Comparison: In 2022, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from Mongolia, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Bolivia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Bolivia to Mongolia were . In N/A the top imports of Bolivia from Mongolia were Singlets and other vests, underpants, briefs,... ($72).

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Bolivia's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports from Mongolia was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

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This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Mongolia and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bolivia exported $1.27k to Mongolia. The main products exported from Bolivia to Mongolia were Coconuts, Brazil Nuts, and Cashews ($895) and Ground Nuts ($378). During the last 5 years the exports of Bolivia to Mongolia have decreased at an annualized rate of 26.3%, from $5.86k in 2017 to $1.27k in 2022.

In 2017, Mongolia exported $46 to Bolivia. The main products exported from Mongolia to Bolivia were Knit Men's Undergarments ($35) and Trunks and Cases ($11). During the last 5 years the exports of Mongolia to Bolivia have decreased at an annualized rate of 28.8%, from $695 in 2022 to $46 in 2017.

Exports from Bolivia () to Mongolia () (2022)

Exports from Mongolia () to Bolivia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationIndia$2.27B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Bolivia than Mongolia included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

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

Comparative Advantage Bolivia - Mongolia

Flow

Section

HS2

HS4

Scale

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Linear

Year

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

During 2022, Bolivia had a large net trade with Mongolia in the exports of Vegetable Products ($1.27k).

During 2017, Mongolia had a large net trade with Bolivia in the exports of Textiles ($35) and Animal Hides ($11).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

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Highest Potential

Most Saturated

Section

Top Product Potential Bolivia Mongolia+$2.43kPetroleum Gas

Top Product Potential Mongolia Bolivia+$1.83kCoal 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.

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Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to Mongolia () (2022)

Exports from Mongolia () to Bolivia () (2022)

Market Competitiveness

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

Comparative Advantage Bolivia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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