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2022
Flag → Flag
Exports $16.9MRnk 153 / 218
2022
Flag → Flag
Top Product $1.49MCars
2022
Flag → Flag
Exports $4.72MRnk 19 / 113
2022
Flag → Flag
Top Product $3.02MAnimal Organs
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Spain-Mongolia Trade: In 2022, Spain exported $16.9M to Mongolia. The main products that Spain exported to Mongolia were Cars ($1.49M), Unglazed Ceramics ($1.07M), and Packaged Medicaments ($1.03M). Over the past 5 years the exports of Spain to Mongolia have increased at an annualized rate of 5.26%, from $13M in 2017 to $16.9M in 2022.

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

Mongolia-Spain Trade: In 2022, Mongolia exported $4.72M to Spain. The main products that Mongolia exported to Spain were Animal Organs ($3.02M), Other Nuts ($1.31M), and Prefabricated Buildings ($203k). Over the past 5 years the exports of Mongolia to Spain have increased at an annualized rate of 43.4%,  from $780k in 2017 to $4.72M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €979k and imported €5.42k from Mongolia, resulting in a positive trade balance of €973k. Between August 2023 and August 2024 the exports of Spain have decreased by €-579k (-37.2%) from €1.56M to €979k, while imports increased by €794 (17.2%) from €4.63k to €5.42k.

Trade In August 2024, the top exports of Spain to Mongolia were Rubber Tires (€277k), Confectionery Sugar (€69.5k), X-Ray Equipment (€67.6k), Dyeing Finishing Agents (€42.5k), and Commodities not elsewhere specified (€39.3k). In August 2024 the top imports of Spain from Mongolia were Animal Organs (€504k), Knit Sweaters (€14.9k), Antibiotics (€2.03k), Textile Footwear (€1.99k), and Knit Women's Suits (€1.59k).

Origins In August 2024 the exports of Spain were mainly from Sin provincia asignada (€369k), Barcelona (€259k), Murcia (€122k), Valencia (€61.6k), and Guadalajara (€53k), while imports destinations were mainly Madrid (€2.31k), Lugo (€1.56k), Barcelona (€883), Baleares (€564), and Guipúzcoa (€101).

Growth In August 2024, the decrease in Spain's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Unglazed Ceramics (€-107k or -83.5%), Leather Footwear (€-21.9k or -87.6%), and Soups and Broths (€-7.33k or -48.8%). In August 2024, the increase in Spain's year-by-year imports  from Mongolia was explained primarily by an increase in product imports  in Animal Organs (€46.4k or 10.1%) and Knit Sweaters (€5.95k or 66.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-579k(-37.2%)
IMPORT GROWTH (August 2023 - August 2024)€794(17.2%)
MAIN EXPORTER (August 2024)Sin provincia asignada€369k

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

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

For full datasets download visit Bulk Download page.

Explore Mongolia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $16.9M to Mongolia. The main products exported from Spain to Mongolia were Cars ($1.49M), Unglazed Ceramics ($1.07M), and Packaged Medicaments ($1.03M). During the last 5 years the exports of Spain to Mongolia have increased at an annualized rate of 5.26%, from $13M in 2017 to $16.9M in 2022.

In 2017, Mongolia exported $4.72M to Spain. The main products exported from Mongolia to Spain were Animal Organs ($3.02M), Other Nuts ($1.31M), and Prefabricated Buildings ($203k). During the last 5 years the exports of Mongolia to Spain have increased at an annualized rate of 43.4%, from $780k in 2022 to $4.72M in 2017.

Exports from Spain (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Spain than Mongolia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Mongolia than Spain included China ($10.6B).

Difference in imports from Mongolia (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Mongolia

Flow
Scale

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

During 2022, Spain had a large net trade with Mongolia in the exports of Chemical Products ($4.38M), Foodstuffs ($2.87M), and Transportation ($1.97M).

During 2017, Mongolia had a large net trade with Spain in the exports of Animal Products ($3.02M), Vegetable Products ($1.31M), and Miscellaneous ($207k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Mongolia+$3.06MCars
Top Product Potential Mongolia Spain+$1.39MOther 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

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

Product Space of Spain (Flag) and Mongolia (Flag) (2022)

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