2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
 GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186
2022
Flag
GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Hong Kong-Mongolia Trade: In 2022, Hong Kong exported $26.2M to Mongolia. The main products that Hong Kong exported to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). Over the past 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.2%, from $16.1M in 2017 to $26.2M in 2022.

In 2022, Hong Kong did not export any services to Mongolia.

Mongolia-Hong Kong Trade: In 2022, Mongolia exported $12.8M to Hong Kong. The main products that Mongolia exported to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). Over the past 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%,  from $12.5M in 2017 to $12.8M in 2022.

In 2022, Mongolia did not export any services to Hong Kong.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $26.2M to Mongolia. The main products exported from Hong Kong to Mongolia were Flavored Water ($5.18M), Computers ($3.95M), and Hard Liquor ($3.65M). During the last 5 years the exports of Hong Kong to Mongolia have increased at an annualized rate of 10.2%, from $16.1M in 2017 to $26.2M in 2022.

In 2017, Mongolia exported $12.8M to Hong Kong. The main products exported from Mongolia to Hong Kong were Coal Briquettes ($7.84M), Sheep and Goat Meat ($4.06M), and Animal Organs ($271k). During the last 5 years the exports of Mongolia to Hong Kong have increased at an annualized rate of 0.46%, from $12.5M in 2022 to $12.8M in 2017.

Exports from Hong Kong (Flag) to Mongolia (Flag) (2022)

Exports from Mongolia (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Mongolia (Flag)

Hong Kong Exports

Mongolia Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Hong Kong than Mongolia included India ($14.3B), China ($23.4B), and Netherlands ($6.56B).

In 2022, no countries were registered that imported more from Mongolia than from Hong Kong.

Difference in imports from Mongolia (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Mongolia

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Mongolia in the exports of Machines ($13M), Foodstuffs ($9.28M), and Chemical Products ($1.21M).

During 2017, Mongolia had a large net trade with Hong Kong in the exports of Mineral Products ($7.84M), Animal Products ($4.55M), and Textiles ($129k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Mongolia+$1.89MComputers
Top Product Potential Mongolia Hong Kong+$12.4MCoal 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

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

Product Space of Hong Kong (Flag) and Mongolia (Flag) (2022)

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