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GDP
$16.8BCURRENT US$
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GDP GROWTH
36.8%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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GDP PC 
$4,947CURRENT US$
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12.4%CURRENT US$
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$33,815CURRENT US$
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Mongolia-Japan In 2022, Mongolia exported $22.2M to Japan. The main products that Mongolia exported to Japan are Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). During the last 27 years the exports of Mongolia to Japan have decreased at an annualized rate of 4.95%, from $87.4M in 1995 to $22.2M in 2022.

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

Japan-Mongolia In 2022, Japan exported $577M to Mongolia. The main products that Japan exported to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). During the last 27 years the exports of Japan to Mongolia have increased at an annualized rate of 10.2%, from $41.8M in 1995 to $577M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $22.2M to Japan. The main products exported from Mongolia to Japan were Feldspar ($3.53M), Electric Furnaces ($3.09M), and Animal Organs ($2.1M). During the last 27 years the exports of Mongolia to Japan have decreased at an annualized rate of 4.95%, from $87.4M in 1995 to $22.2M in 2022.

In 2022, Japan exported $577M to Mongolia. The main products exported from Japan to Mongolia were Cars ($377M), Delivery Trucks ($40.7M), and Large Construction Vehicles ($14.2M). During the last 27 years the exports of Japan to Mongolia have increased at an annualized rate of 10.2%, from $41.8M in 1995 to $577M in 2022.

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

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

Latest Data

Trade between Mongolia (Flag) and Japan (Flag)

Mongolia Exports

Japan Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Japan
Top Destination
United States$137B

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

In 2019, no countries were registered that imported more from Mongolia than from Japan.

In 2021, countries that imported more from Japan than Mongolia were United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Mongolia - Japan

Flow
Scale

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

During 2022, Mongolia had a large net trade with Japan in the exports of Machines ($5.64M), Mineral Products ($5.43M), and Textiles ($4.16M).

During 2022, Japan had a large net trade with Mongolia in the exports of Transportation ($454M), Machines ($44.2M), and Plastics and Rubbers ($26.8M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Mongolia has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over Mongolia.

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

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