2022
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GDP
$16.8BCURRENT US$
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2012-2022
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GDP GROWTH
36.8%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$4,947CURRENT US$
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2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Mongolia-Italy In 2022, Mongolia exported $80.8M to Italy. The main products that Mongolia exported to Italy are Animal Hair ($70.2M), Animal Organs ($3.69M), and Knit Sweaters ($1.72M). During the last 27 years the exports of Mongolia to Italy have increased at an annualized rate of 5.6%, from $18.6M in 1995 to $80.8M in 2022.

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

Italy-Mongolia In 2022, Italy exported $61.8M to Mongolia. The main products that Italy exported to Mongolia were Leather Footwear ($3.44M), Wine ($2.74M), and Other Furniture ($2.48M). During the last 27 years the exports of Italy to Mongolia have increased at an annualized rate of 7.44%, from $8.91M in 1995 to $61.8M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mongolia exported $80.8M to Italy. The main products exported from Mongolia to Italy were Animal Hair ($70.2M), Animal Organs ($3.69M), and Knit Sweaters ($1.72M). During the last 27 years the exports of Mongolia to Italy have increased at an annualized rate of 5.6%, from $18.6M in 1995 to $80.8M in 2022.

In 2022, Italy exported $61.8M to Mongolia. The main products exported from Italy to Mongolia were Leather Footwear ($3.44M), Wine ($2.74M), and Other Furniture ($2.48M). During the last 27 years the exports of Italy to Mongolia have increased at an annualized rate of 7.44%, from $8.91M in 1995 to $61.8M in 2022.

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

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

Latest Data

Trade between Mongolia (Flag) and Italy (Flag)

Mongolia Exports

Italy Exports

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Italy
Top Destination
Germany$78.5B

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

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

In 2021, countries that imported more from Italy than Mongolia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Mongolia - Italy

Flow
Scale

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

During 2022, Mongolia had a large net trade with Italy in the exports of Textiles ($72.7M), Animal Products ($3.69M), and Mineral Products ($1.5M).

During 2022, Italy had a large net trade with Mongolia in the exports of Machines ($14.1M), Textiles ($9.72M), and Foodstuffs ($7.73M).

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

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

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