2023
Exports
$4.79MWorld Rnk 53 / 144
Flag Rnk 30 / 494
2023
PRODUCT COMPLEXITY IN Copper Bars
0.22Rnk 487 / 1025
2023
Imports
$249kWorld Rnk 131 / 209
Flag Rnk 568 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $4.79M in Copper Bars, making it the 53rd largest exporter of Copper Bars in the world. At the same year, Copper Bars was the 30th most exported product in Mongolia. The main destination of Copper Bars exports from Mongolia are: China ($4.79M).

The fastest growing export markets for Copper Bars of Mongolia between 2022 and 2023 were China ($1.83M).

Imports In 2023, Mongolia imported $249k in Copper Bars, becoming the 131st largest importer of Copper Bars in the world. At the same year, Copper Bars was the 568th most imported product in Mongolia. Mongolia imports Copper Bars primarily from: China ($232k), Turkey ($16.4k), and Italy ($1.23k).

The fastest growing import markets in Copper Bars for Mongolia between 2022 and 2023 were China ($227k), Turkey ($16.1k), and Italy ($1.23k).

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 Copper Bars. 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)$4.79M
IMPORTS (2023)$249k
NET TRADE (2023)$4.54M

In 2023, Mongolia exported $4.79M in Copper Bars. The main destinations of Mongolia exports on Copper Bars were China ($4.79M).

In 2023, Mongolia imported $249k in Copper Bars, mainly from China ($232k), Turkey ($16.4k), and Italy ($1.23k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Bars EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):China$1.83M (62%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Bars BY Mongolia WERE (2022 - 2023):Togo-$787 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Copper Bars were:
Germany $1.03B
Italy $444M
In 2023, Mongolia's main importing competitors in Copper Bars were:

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Trade Value of Copper Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.26M
TOP IMPORT POTENTIALUnited States+ $13.6k

Copper Bars’s highest export potential is China. With an export gap of $1.26M.   Copper Bars’s highest import potential is United States with an import gap of $13.6k.

See methodology.

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