Laos (LAO) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Laos-Mongolia Trade: In 2022, Laos exported $45.7k to Mongolia. The main products that Laos exported to Mongolia were Leather Footwear ($36.6k), Non-Knit Men's Suits ($5.24k), and Other Footwear ($1.29k). Over the past 5 years the exports of Laos to Mongolia have increased at an annualized rate of 2.89%, from $39.6k in 2017 to $45.7k in 2022.

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

Mongolia-Laos Trade: In 2022, Mongolia exported $1.82k to Laos. The main products that Mongolia exported to Laos were N/A. Over the past 5 years the exports of Mongolia to Laos have decreased at an annualized rate of 0.96%, from $2k in 2017 to $1.82k in 2022.

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

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $45.7k to Mongolia. The main products exported from Laos to Mongolia were Leather Footwear ($36.6k), Non-Knit Men's Suits ($5.24k), and Other Footwear ($1.29k). During the last 5 years the exports of Laos to Mongolia have increased at an annualized rate of 2.89%, from $39.6k in 2017 to $45.7k in 2022.

In 2016, Mongolia exported $1.82k to Laos. There were not main exports from Mongolia to Laos in 2016. During the last 5 years the exports of Mongolia to Laos have decreased at an annualized rate of 0.96%, from $2k in 2021 to $1.82k in 2016.

Exports from Laos () to Mongolia () (2022)

Exports from Mongolia () to Laos () (2022)

Latest Data

Trade between Laos () and Mongolia ()

Laos Exports

Date

Jun 2019

May 2019

Apr 2019

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Laos than Mongolia included Thailand ($3.29B), Vietnam ($978M), and Australia ($351M).

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

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

Comparative Advantage Laos - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Mongolia in the exports of Footwear and Headwear ($38.6k), Textiles ($6.1k), and Machines ($963).

During 2016, Mongolia had a large net trade with Laos in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Mongolia+$59.5kLeather Footwear

Top Product Potential Mongolia Laos+$3.39kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Mongolia () (2022)

Exports from Mongolia () to Laos () (2022)

Latest Data

Trade between Laos () and Mongolia ()

Laos Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Laos - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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