Türkiye-Mongolia Bilateral Trade Analysis 2023
Complete trade statistics: $107.83M total volume •Türkiye surplus: $102.21M
Türkiye → Mongolia
$105.02M
Exports (2023)
Mongolia → Türkiye
$2.81M
Imports (2023)
Trade Balance
$102.21M
Surplus for Türkiye
Total Trade
$107.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Mongolia. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Mongolia commercial relationship and competitive positioning in global markets.
Türkiye → Mongolia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Mongolia demonstrates strategic specialization, with jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof representing a key competitive advantage in this bilateral market.
Mongolia → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Mongolia reveals significant dependencyin 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), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingjewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof to Mongolia, 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: Türkiye-Mongolia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $107.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a surplus of $102.21 million
- Export Focus: Türkiye's primary exports 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
- Import Dependencies: Key imports from Mongolia 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)
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 Türkiye leveraging its comparative advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.
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
Türkiye's specialization in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereofcomplements Mongolia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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).
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 jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof and 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) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade surplus of $102.21 million strengthens 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 Türkiye and Mongolia represents a total trade volume of $107.83 million in 2023. This partnership demonstrates a favorable trade balance for Türkiye, with exports exceeding importsby $102.21 million.
Export Strengths
Türkiye's exports to Mongolia total $105.02 million, with competitive advantages in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, representing $14.08M or13.4% of bilateral exports.
Import Dependencies
Imports from Mongolia amount to $2.81 million, highlighting economic interdependence 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), 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) comprising37.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Türkiye's competitive position in this bilateral relationship. 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 Türkiye and Mongolia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023