2022
Exports
$2.98kWorld Rnk 134 / 148
Flag Rnk 433 / 652
2022
PRODUCT COMPLEXITY IN Butter
0.015Rnk 543 / 1025
2022
Imports
$3.14MWorld Rnk 109 / 220
Flag Rnk 288 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.98k in Butter, making it the 134th largest exporter of Butter in the world. At the same year, Butter was the 433rd most exported product in Mongolia. The main destination of Butter exports from Mongolia are: United States ($1.73k), Japan ($1.25k), and South Korea ($3).

The fastest growing export markets for Butter of Mongolia between 2021 and 2022 were United States ($842), Japan ($790), and South Korea ($3).

Imports In 2022, Mongolia imported $3.14M in Butter, becoming the 109th largest importer of Butter in the world. At the same year, Butter was the 288th most imported product in Mongolia. Mongolia imports Butter primarily from: Belarus ($1.15M), France ($715k), New Zealand ($284k), Poland ($242k), and Denmark ($203k).

The fastest growing import markets in Butter for Mongolia between 2021 and 2022 were Turkey ($139k), Malaysia ($123k), and France ($121k).

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 Butter. 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)$2.98k
IMPORTS (2022)$3.14M
NET TRADE (2022)-$3.14M

In 2022, Mongolia exported $2.98k in Butter. The main destinations of Mongolia exports on Butter were United States ($1.73k), Japan ($1.25k), and South Korea ($3).

In 2022, Mongolia imported $3.14M in Butter, mainly from Belarus ($1.15M), France ($715k), New Zealand ($284k), Poland ($242k), and Denmark ($203k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United States$842 (95%)
Japan$790 (172%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
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N/AN/AN/A
TOP IMPORT POTENTIALNew Zealand+ $223k

Butter’s highest export potential is N/A. With an export gap of N/A.   Butter’s highest import potential is New Zealand with an import gap of $223k.

See methodology.

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