2022
Exports
$3.43MWorld Rnk 170 / 226
Flag Rnk 13 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$614MWorld Rnk 124 / 226
Flag Rnk 6 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3.43M in Chemical Products, making it the 170th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 13th most exported product in Mongolia. The main destination of Chemical Products exports from Mongolia are: Estonia ($805k), Brazil ($783k), Poland ($390k), Italy ($350k), and Czechia ($214k).

The fastest growing export markets for Chemical Products of Mongolia between 2021 and 2022 were Estonia ($805k), Italy ($350k), and Russia ($179k).

Imports In 2022, Mongolia imported $614M in Chemical Products, becoming the 124th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 6th most imported product in Mongolia. Mongolia imports Chemical Products primarily from: N/A.

The fastest growing import markets in Chemical Products for Mongolia between 2021 and 2022 were Russia ($55M), South Korea ($13.7M), and Hungary ($5.41M).

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 Chemical Products. 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)$3.43M
IMPORTS (2022)$614M
NET TRADE (2022)-$610M

In 2022, Mongolia exported $3.43M in Chemical Products. The main destinations of Mongolia exports on Chemical Products were Estonia ($805k), Brazil ($783k), Poland ($390k), Italy ($350k), and Czechia ($214k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Estonia$805k (1%)
Italy$350k (1%)
Russia$179k (2.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Mongolia WERE (2021 - 2022):
India-$348k (-100%)
China-$110k (-99.5%)
Germany-$107k (-80.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $308k
TOP IMPORT POTENTIALChina+ $60.7M

Chemical Products’s highest export potential is Russia. With an export gap of $308k.   Chemical Products’s highest import potential is China with an import gap of $60.7M.

See methodology.

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