Mongolia (MNG) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Mongolia-Laos In 2021, Mongolia exported $1.82k to Laos. The main products that Mongolia exported to Laos are N/A. During the last 19 years the exports of Mongolia to Laos have decreased at an annualized rate of 3.54%, from $3.61k in 2002 to $1.82k in 2021.

In 2021, Mongolia did not export any services to Laos.

Laos-Mongolia In 2021, Laos exported $45.7k to Mongolia. The main products that Laos exported to Mongolia were Leather Footwear ($36.6k), Non-Knit Men's Suits ($5.24k), and Other Footwear ($1.29k). During the last 19 years the exports of Laos to Mongolia have increased at an annualized rate of 11.6%, from $5.72k in 2002 to $45.7k in 2021.

In 2021, Laos 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, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Mongolia exported $1.82k to Laos. There were not main exports from Mongolia to Laos in 2021. During the last 19 years the exports of Mongolia to Laos have decreased at an annualized rate of 3.54%, from $3.61k in 2002 to $1.82k in 2021.

In 2022, Laos exported $45.7k to Mongolia. The main products exported from Laos to Mongolia were Leather Footwear ($36.6k), Non-Knit Men's Suits ($5.24k), and Other Footwear ($1.29k). During the last 19 years the exports of Laos to Mongolia have increased at an annualized rate of 11.6%, from $5.72k in 2003 to $45.7k in 2022.

Exports from Mongolia () to Laos () (2022)

Exports from Laos () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Laos ()

Mongolia Exports

Date

Laos Exports

Date

Jun 2019

May 2019

Apr 2019

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Laos
Top DestinationThailand$3.29B

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

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

In 2021, countries that imported more from Laos than Mongolia were Thailand ($3.29B), Vietnam ($978M), and Australia ($351M).

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

Comparative Advantage Mongolia - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Mongolia had a large net trade with Laos in the exports of .

During 2022, Laos had a large net trade with Mongolia in the exports of Footwear and Headwear ($38.6k), Textiles ($6.1k), and Machines ($963).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Laos () (2022)

Exports from Laos () to Mongolia () (2022)

Latest Data

Trade between Mongolia () and Laos ()

Mongolia Exports

Laos Exports

Market Competitiveness

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

Comparative Advantage Mongolia - Laos

Economic Complexity

Competitive Landscape

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

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