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2015
Exports $14World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Borates-0.2Rnk 618 / 1025
2015
Imports $175kWorld Rnk 97 / 184
Flag Rnk 716 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $175k in Borates, becoming the 97th largest importer of Borates in the world. At the same year, Borates was the 716th most imported product in Mongolia. Mongolia imports Borates primarily from: China ($139k), Australia ($18.4k), Turkey ($16.9k), and Netherlands ($166).

The fastest growing import markets in Borates for Mongolia between 2021 and 2022 were China ($137k), Turkey ($16.8k), and Australia ($9.5k).

Latest Trends

Jul 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 Borates. 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 (2015)$14
IMPORTS (2022)$175k
NET TRADE (2022)-$175k

In 2022, Mongolia imported $175k in Borates, mainly from China ($139k), Australia ($18.4k), Turkey ($16.9k), and Netherlands ($166).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Borates were:
Turkey $669M
United States $403M
China $40.4M
In 2022, Mongolia's main importing competitors in Borates were:
China $485M
United States $110M
India $72M

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $586
TOP IMPORT POTENTIALTurkey+ $17.1k

Borates’s highest export potential is China. With an export gap of $586.   Borates’s highest import potential is Turkey with an import gap of $17.1k.

See methodology.

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