2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 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

Israel-Mongolia Trade: In 2022, Israel exported $1.25M to Mongolia. The main products that Israel exported to Mongolia were Audio Alarms ($210k), Plastic Pipes ($125k), and Iron Pipe Fittings ($118k). Over the past 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 1.15%, from $1.33M in 2017 to $1.25M in 2022.

In 2012, Israel exported services to Mongolia worth $8.28M, with Computer and information services ($8.28M) being the largest in terms of value.

Mongolia-Israel Trade: In 2022, Mongolia exported $879k to Israel. The main products that Mongolia exported to Israel were Hard Liquor ($865k), Knit Sweaters ($4k), and Medical Instruments ($4k). Over the past 5 years the exports of Mongolia to Israel have increased at an annualized rate of 43.2%,  from $146k in 2017 to $879k in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $1.25M to Mongolia. The main products exported from Israel to Mongolia were Audio Alarms ($210k), Plastic Pipes ($125k), and Iron Pipe Fittings ($118k). During the last 5 years the exports of Israel to Mongolia have decreased at an annualized rate of 1.15%, from $1.33M in 2017 to $1.25M in 2022.

In 2017, Mongolia exported $879k to Israel. The main products exported from Mongolia to Israel were Hard Liquor ($865k), Knit Sweaters ($4k), and Medical Instruments ($4k). During the last 5 years the exports of Mongolia to Israel have increased at an annualized rate of 43.2%, from $146k in 2022 to $879k in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Mongolia (Flag)

Israel Exports

Date

Mongolia Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Israel than Mongolia included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Mongolia than Israel included China ($10.6B), Switzerland ($1.98B), and Iran ($7.39M).

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

Comparative Advantage Israel - Mongolia

Flow
Scale

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

During 2022, Israel had a large net trade with Mongolia in the exports of Machines ($472k), Plastics and Rubbers ($274k), and Instruments ($160k).

During 2017, Mongolia had a large net trade with Israel in the exports of Foodstuffs ($865k), Textiles ($7.95k), and Instruments ($5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Mongolia+$236kTelephones
Top Product Potential Mongolia Israel+$22.3kKnit Sweaters

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 Israel and Mongolia. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Israel.

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

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