2022
Flag  
GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 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 
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 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

Bangladesh-Mongolia Trade: In 2022, Bangladesh exported $9.37M to Mongolia. The main products that Bangladesh exported to Mongolia were Knit Sweaters ($1.23M), Knit T-shirts ($1.07M), and Non-Knit Women's Suits ($946k). Over the past 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.92%, from $6.71M in 2017 to $9.37M in 2022.

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

Mongolia-Bangladesh Trade: In 2022, Mongolia exported $550 to Bangladesh. The main products that Mongolia exported to Bangladesh were N/A. Over the past 5 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 48.6%,  from $57.9k in 2017 to $550 in 2022.

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

Comparison: In 2022,  Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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, Bangladesh exported $9.37M to Mongolia. The main products exported from Bangladesh to Mongolia were Knit Sweaters ($1.23M), Knit T-shirts ($1.07M), and Non-Knit Women's Suits ($946k). During the last 5 years the exports of Bangladesh to Mongolia have increased at an annualized rate of 6.92%, from $6.71M in 2017 to $9.37M in 2022.

In 2014, Mongolia exported $550 to Bangladesh. There were not main exports from Mongolia to Bangladesh in 2014. During the last 5 years the exports of Mongolia to Bangladesh have decreased at an annualized rate of 48.6%, from $57.9k in 2019 to $550 in 2014.

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

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

Latest Data

Trade between Bangladesh (Flag) and Mongolia (Flag)

Mongolia Exports

Date

Market Competitiveness

Color
Bangladesh
Top Destination
United States$11.7B
Mongolia
Top Destination
China$10.6B

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

In 2022, countries that imported more from Bangladesh than Mongolia included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

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

Comparative Advantage Bangladesh - Mongolia

Flow
Scale

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

During 2022, Bangladesh had a large net trade with Mongolia in the exports of Textiles ($7.36M), Footwear and Headwear ($1.01M), and Foodstuffs ($490k).

During 2014, Mongolia had a large net trade with Bangladesh in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Mongolia+$1.43MKnit Sweaters
Top Product Potential Mongolia Bangladesh+$6.75kCoal 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 Bangladesh and Mongolia. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Bangladesh.

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

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