Mongolia-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $107.83M total volume •Mongolia deficit: $102.21M
Mongolia → Türkiye
$2.81M
Exports (2023)
Türkiye → Mongolia
$105.02M
Imports (2023)
Trade Balance
$102.21M
Deficit for Mongolia
Total Trade
$107.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Mongolia and Türkiye. Green line shows exports from Mongolia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Mongolia-Türkiye commercial relationship and competitive positioning in global markets.
Mongolia → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Mongolia's export portfolio to Türkiye demonstrates strategic specialization, with tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue) representing a key competitive advantage in this bilateral market.
Türkiye → Mongolia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Mongolia's import pattern from Türkiye reveals significant dependencyin jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Mongolia demonstrates competitive strength in exportingtanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue) to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $107.83M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Mongolia-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $107.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Mongolia maintains a deficit of $102.21 million
- Export Focus: Mongolia's primary exports include tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue), nuts, edible: n.e.c. in heading no. 0801 and 0802, fresh or dried, whether or not shelled or peeled, tanned or crust skins of sheep or lambs, without wool on, whether or not split, but not further prepared, in the wet state (including wet-blue)
- Import Dependencies: Key imports from Türkiye include jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa, radiators and parts thereof: for central heating, (not electrically heated), of iron or steel other than cast iron
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $107.83M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Mongolia leveraging its comparative advantages in tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Mongolia's specialization in tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue)complements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $107.83M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $107.83M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $107.83 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue) and jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Mongolia's trade deficit of $102.21 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Mongolia and Türkiye represents a total trade volume of $107.83 million in 2023. This partnership demonstrates an unfavorable trade balance for Mongolia, with imports exceeding exportsby $102.21 million.
Export Strengths
Mongolia's exports to Türkiye total $2.81 million, with competitive advantages in tanned or crust hides and skins: of goats or kids, without wool or hair on, whether or not split, but not further prepared, in the wet state (including wet blue), representing $1.05M or37.6% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $105.02 million, highlighting economic interdependence in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, with Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof comprising13.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Mongolia's strategic sourcing from Türkiye. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Mongolia and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023