2022
Exports
$17.9kWorld Rnk 156 / 196
Flag Rnk 304 / 652
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$69.1MWorld Rnk 69 / 225
Flag Rnk 20 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $17.9k in Chocolate, making it the 156th largest exporter of Chocolate in the world. At the same year, Chocolate was the 304th most exported product in Mongolia. The main destination of Chocolate exports from Mongolia are: South Korea ($15.3k), Switzerland ($2.01k), Indonesia ($203), Russia ($159), and Hungary ($61).

The fastest growing export markets for Chocolate of Mongolia between 2021 and 2022 were Indonesia ($203), Russia ($159), and Switzerland ($127).

Imports In 2022, Mongolia imported $69.1M in Chocolate, becoming the 69th largest importer of Chocolate in the world. At the same year, Chocolate was the 20th most imported product in Mongolia. Mongolia imports Chocolate primarily from: Russia ($32.7M), Germany ($9.26M), Netherlands ($3.93M), Turkey ($3.61M), and Argentina ($2.98M).

The fastest growing import markets in Chocolate for Mongolia between 2021 and 2022 were Turkey ($2.13M), Kazakhstan ($2.01M), and Netherlands ($1.12M).

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 Chocolate. 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)$17.9k
IMPORTS (2022)$69.1M
NET TRADE (2022)-$69.1M

In 2022, Mongolia exported $17.9k in Chocolate. The main destinations of Mongolia exports on Chocolate were South Korea ($15.3k), Switzerland ($2.01k), Indonesia ($203), Russia ($159), and Hungary ($61).

In 2022, Mongolia imported $69.1M in Chocolate, mainly from Russia ($32.7M), Germany ($9.26M), Netherlands ($3.93M), Turkey ($3.61M), and Argentina ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Indonesia$203 (1%)
Russia$159 (1%)
Switzerland$127 (6.74%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Mongolia WERE (2021 - 2022):
South Korea-$63.5k (-80.6%)
Thailand-$57 (-90.5%)
Czechia-$35 (-79.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Mongolia's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $13.2k
TOP IMPORT POTENTIALChina+ $1.52M

Chocolate’s highest export potential is South Korea. With an export gap of $13.2k.   Chocolate’s highest import potential is China with an import gap of $1.52M.

See methodology.

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