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2022
Flag → Flag
Exports $3.15MRnk 103 / 188
2022
Flag → Flag
Top Product $520kDelivery Trucks
2022
Flag → Flag
Exports $1.24MRnk 33 / 113
2022
Flag → Flag
Top Product $583kPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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 $28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Estonia-Mongolia Trade: In 2022, Estonia exported $3.15M to Mongolia. The main products that Estonia exported to Mongolia were Delivery Trucks ($520k), Telephones ($494k), and Glaziers Putty ($245k). Over the past 5 years the exports of Estonia to Mongolia have increased at an annualized rate of 2.27%, from $2.82M in 2017 to $3.15M in 2022.

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

Mongolia-Estonia Trade: In 2022, Mongolia exported $1.24M to Estonia. The main products that Mongolia exported to Estonia were Potassic Fertilizers ($583k), Rapeseed ($245k), and Nitrogenous Fertilizers ($222k). Over the past 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 73.1%,  from $576 in 2017 to $1.24M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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
Value

In 2022, Estonia exported $3.15M to Mongolia. The main products exported from Estonia to Mongolia were Delivery Trucks ($520k), Telephones ($494k), and Glaziers Putty ($245k). During the last 5 years the exports of Estonia to Mongolia have increased at an annualized rate of 2.27%, from $2.82M in 2017 to $3.15M in 2022.

In 2017, Mongolia exported $1.24M to Estonia. The main products exported from Mongolia to Estonia were Potassic Fertilizers ($583k), Rapeseed ($245k), and Nitrogenous Fertilizers ($222k). During the last 5 years the exports of Mongolia to Estonia have increased at an annualized rate of 73.1%, from $576 in 2022 to $1.24M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Mongolia (Flag)

Estonia Exports

Mongolia Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$3B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Estonia than Mongolia included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

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

Comparative Advantage Estonia - Mongolia

Flow
Scale

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

During 2022, Estonia had a large net trade with Mongolia in the exports of Machines ($1.51M), Transportation ($658k), and Chemical Products ($311k).

During 2017, Mongolia had a large net trade with Estonia in the exports of Chemical Products ($805k), Vegetable Products ($433k), and Machines ($5.15k).

Economic Complexity

Competitive Landscape

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

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

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