2023
Exports
$1.86MWorld Rnk 116 / 210
Flag Rnk 44 / 494
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$691MWorld Rnk 87 / 225
Flag Rnk 1 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $1.86M in Cars, making it the 116th largest exporter of Cars in the world. At the same year, Cars was the 44th most exported product in Mongolia. The main destination of Cars exports from Mongolia are: Kyrgyzstan ($1.81M), Nigeria ($27.2k), Kazakhstan ($22.2k), and Netherlands ($315).

The fastest growing export markets for Cars of Mongolia between 2022 and 2023 were Kyrgyzstan ($228k) and Nigeria ($27.2k).

Imports In 2023, Mongolia imported $691M in Cars, becoming the 87th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Mongolia. Mongolia imports Cars primarily from: Japan ($578M), China ($34.2M), United States ($27M), Germany ($21.4M), and United Kingdom ($9.92M).

The fastest growing import markets in Cars for Mongolia between 2022 and 2023 were Japan ($128M), Germany ($8.02M), and United States ($7.56M).

Latest Trends

Dec 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 Cars. 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 (2023)$1.86M
IMPORTS (2023)$691M
NET TRADE (2023)-$689M

In 2023, Mongolia exported $1.86M in Cars. The main destinations of Mongolia exports on Cars were Kyrgyzstan ($1.81M), Nigeria ($27.2k), Kazakhstan ($22.2k), and Netherlands ($315).

In 2023, Mongolia imported $691M in Cars, mainly from Japan ($578M), China ($34.2M), United States ($27M), Germany ($21.4M), and United Kingdom ($9.92M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Kyrgyzstan$228k (14.4%)
Nigeria$27.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Mongolia WERE (2022 - 2023):
Russia-$1.32M (-100%)
Kazakhstan-$278k (-92.6%)
Belarus-$263k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Mongolia's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.81M
TOP IMPORT POTENTIALChina+ $42.6M

Cars’s highest export potential is Russia. With an export gap of $1.81M.   Cars’s highest import potential is China with an import gap of $42.6M.

See methodology.

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