2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%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
2022
Flag
GDP PC
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186

About

Mongolia-Nepal Trade: In 2022, Mongolia exported $334k to Nepal. The main products that Mongolia exported to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). Over the past 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 44.9%, from $52.3k in 2017 to $334k in 2022.

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

Nepal-Mongolia Trade: In 2022, Nepal exported $30.2k to Mongolia. The main products that Nepal exported to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). Over the past 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 18.6%,  from $12.9k in 2017 to $30.2k in 2022.

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

Comparison In 2022,  Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26),  and 94 in total exports ($13.6B). That same year, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $334k to Nepal. The main products exported from Mongolia to Nepal were Prepared Wool or Animal Hair ($148k), Non-Retail Animal Hair Yarn ($77.8k), and Retail Wool or Animal Hair Yarn ($72.5k). During the last 5 years the exports of Mongolia to Nepal have increased at an annualized rate of 44.9%, from $52.3k in 2017 to $334k in 2022.

In 2017, Nepal exported $30.2k to Mongolia. The main products exported from Nepal to Mongolia were Other Furniture ($12k), Jewellery ($3.58k), and Tufted Carpets ($3.11k). During the last 5 years the exports of Nepal to Mongolia have increased at an annualized rate of 18.6%, from $12.9k in 2022 to $30.2k in 2017.

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

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

Latest Data

Trade between Mongolia (Flag) and Nepal (Flag)

Mongolia Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Nepal
Top Destination
India$956M

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

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

In 2022, countries that imported more from Nepal than Mongolia included India ($956M), United States ($152M), and Turkey ($28.3M).

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

Comparative Advantage Mongolia - Nepal

Flow
Scale

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

During 2022, Mongolia had a large net trade with Nepal in the exports of Textiles ($333k), Machines ($808), and Paper Goods ($25).

During 2017, Nepal had a large net trade with Mongolia in the exports of Miscellaneous ($13k), Instruments ($5.42k), and Precious Metals ($3.58k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Nepal+$11.9kAnimal Hair
Top Product Potential Nepal Mongolia+$9.89kJewellery

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with