2022
Exports
$775kWorld Rnk 29 / 80
Flag Rnk 80 / 652
falsefalse South Korea
2022
Imports
$10.6kWorld Rnk 98 / 154
Flag Rnk 975 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $775k in Animal Extracts, making it the 29th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 80th most exported product in Mongolia. The main destination of Animal Extracts exports from Mongolia are: South Korea ($775k).

The fastest growing export markets for Animal Extracts of Mongolia between 2021 and 2022 were South Korea ($124k).

Imports In 2022, Mongolia imported $10.6k in Animal Extracts, becoming the 98th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 975th most imported product in Mongolia. Mongolia imports Animal Extracts primarily from: South Korea ($10.6k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal Extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$775k
IMPORTS (2022)$10.6k
NET TRADE (2022)$765k

In 2022, Mongolia exported $775k in Animal Extracts. The main destinations of Mongolia exports on Animal Extracts were South Korea ($775k).

In 2022, Mongolia imported $10.6k in Animal Extracts, mainly from South Korea ($10.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):South Korea$124k (19%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Animal Extracts were:
In 2022, Mongolia's main importing competitors in Animal Extracts were:

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.16k
TOP IMPORT POTENTIALChina+ $593

Animal Extracts’s highest export potential is United States. With an export gap of $1.16k.   Animal Extracts’s highest import potential is China with an import gap of $593.

See methodology.

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