2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 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 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186

About

Ireland-Mongolia Trade: In 2022, Ireland exported $49.7M to Mongolia. The main products that Ireland exported to Mongolia were Planes, Helicopters, and/or Spacecraft ($34M), Other Edible Preparations ($4.86M), and Scented Mixtures ($3.17M). Over the past 5 years the exports of Ireland to Mongolia have increased at an annualized rate of 57.8%, from $5.08M in 2017 to $49.7M in 2022.

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

Mongolia-Ireland Trade: In 2022, Mongolia exported $123k to Ireland. The main products that Mongolia exported to Ireland were Pepper ($35k), Imitation Jewellery ($22.3k), and Knit Sweaters ($13k). Over the past 5 years the exports of Mongolia to Ireland have decreased at an annualized rate of 30.7%,  from $769k in 2017 to $123k in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $49.7M to Mongolia. The main products exported from Ireland to Mongolia were Planes, Helicopters, and/or Spacecraft ($34M), Other Edible Preparations ($4.86M), and Scented Mixtures ($3.17M). During the last 5 years the exports of Ireland to Mongolia have increased at an annualized rate of 57.8%, from $5.08M in 2017 to $49.7M in 2022.

In 2017, Mongolia exported $123k to Ireland. The main products exported from Mongolia to Ireland were Pepper ($35k), Imitation Jewellery ($22.3k), and Knit Sweaters ($13k). During the last 5 years the exports of Mongolia to Ireland have decreased at an annualized rate of 30.7%, from $769k in 2022 to $123k in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
N/AN/A
Mongolia
Top Destination
N/AN/A

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

N/A

N/A

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

Comparative Advantage Ireland - Mongolia

Flow
Scale

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

During 2022, Ireland had a large net trade with Mongolia in the exports of Transportation ($34M), Foodstuffs ($8.16M), and Chemical Products ($6.03M).

During 2017, Mongolia had a large net trade with Ireland in the exports of Vegetable Products ($35k), Textiles ($30.9k), and Precious Metals ($27.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Mongolia+$1.8MPackaged Medicaments
Top Product Potential Mongolia Ireland+$54.9kKnit 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 Ireland and Mongolia. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Ireland.

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

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