2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 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 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 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

Armenia-Mongolia In 2022, Armenia exported $962k to Mongolia. The main products that Armenia exported to Mongolia are Hard Liquor ($297k), Chocolate ($291k), and Rolled Tobacco ($134k). During the last 18 years the exports of Armenia to Mongolia have increased at an annualized rate of 27.3%, from $12.5k in 2004 to $962k in 2022.

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

Mongolia-Armenia In 2022, Mongolia exported $50.3k to Armenia. The main products that Mongolia exported to Armenia were Ball Bearings ($19.1k), Transmissions ($16k), and Engine Parts ($9.27k). During the last 18 years the exports of Mongolia to Armenia have decreased at an annualized rate of 16.5%, from $1.29M in 2004 to $50.3k in 2022.

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

Comparison In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). 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, Armenia exported $962k to Mongolia. The main products exported from Armenia to Mongolia were Hard Liquor ($297k), Chocolate ($291k), and Rolled Tobacco ($134k). During the last 18 years the exports of Armenia to Mongolia have increased at an annualized rate of 27.3%, from $12.5k in 2004 to $962k in 2022.

In 2022, Mongolia exported $50.3k to Armenia. The main products exported from Mongolia to Armenia were Ball Bearings ($19.1k), Transmissions ($16k), and Engine Parts ($9.27k). During the last 24 years the exports of Mongolia to Armenia have decreased at an annualized rate of 16.5%, from $1.29M in 1998 to $50.3k in 2022.

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

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

Latest Data

Trade between Armenia (Flag) and Mongolia (Flag)

Armenia Exports

Mongolia Exports

Date

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Mongolia
Top Destination
China$10.6B

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

In 2021, countries that imported more from Armenia than Mongolia were Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2021, countries that imported more from Mongolia than Armenia were China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Armenia - Mongolia

Flow
Scale

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

During 2022, Armenia had a large net trade with Mongolia in the exports of Foodstuffs ($792k), Instruments ($112k), and Textiles ($22.6k).

During 2022, Mongolia had a large net trade with Armenia in the exports of Machines ($50k) and Metals ($213).

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 Armenia has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Armenia.

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

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