Mongolia (MNG) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Mongolia-Mexico Trade: In 2019, Mongolia exported $612 to Mexico. The main products that Mongolia exported to Mexico were N/A. Over the past 5 years the exports of Mongolia to Mexico have decreased at an annualized rate of 43.4%, from $10.5k in 2014 to $612 in 2019.

In 2019, Mongolia did not export any services to Mexico.

Mexico-Mongolia Trade: In 2019, Mexico exported $18.9M to Mongolia. The main products that Mexico exported to Mongolia were Acyclic Alcohols ($2.57M), Centrifuges ($2.03M), and Engine Parts ($1.94M). Over the past 5 years the exports of Mexico to Mongolia have increased at an annualized rate of 5.82%, from $14.2M in 2014 to $18.9M in 2019.

In 2019, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Mongolia exported $612 to Mexico. There were not main exports from Mongolia to Mexico in 2019. During the last 5 years the exports of Mongolia to Mexico have decreased at an annualized rate of 43.4%, from $10.5k in 2014 to $612 in 2019.

In 2017, Mexico exported $18.9M to Mongolia. The main products exported from Mexico to Mongolia were Acyclic Alcohols ($2.57M), Centrifuges ($2.03M), and Engine Parts ($1.94M). During the last 5 years the exports of Mexico to Mongolia have increased at an annualized rate of 5.82%, from $14.2M in 2022 to $18.9M in 2017.

Exports from Mongolia () to Mexico () (2022)

Exports from Mexico () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Mexico ()

Mongolia Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Mongolia than Mexico included Russia ($112M), Iran ($7.39M), and Sudan ($419k).

In 2022, countries that imported more from Mexico than Mongolia included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Comparative Advantage Mongolia - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Mongolia had a large net trade with Mexico in the exports of .

During 2017, Mexico had a large net trade with Mongolia in the exports of Machines ($8.43M), Chemical Products ($5.01M), and Foodstuffs ($1.91M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Mexico+$5.45kCoal Briquettes

Top Product Potential Mexico Mongolia+$1.56MDelivery Trucks

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

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Mexico () (2022)

Exports from Mexico () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Mexico ()

Mongolia Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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