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2022
Exports $2.73BWorld Rnk 10 / 110
Flag Rnk 2 / 652
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseSouth Africa
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $86World Rnk 105 / 117
Flag Rnk 1094 / 1107
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.73B in Copper Ore, making it the 10th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 2nd most exported product in Mongolia. The main destination of Copper Ore exports from Mongolia are: China ($2.73B), South Africa ($733), and Netherlands ($194).

The fastest growing export markets for Copper Ore of Mongolia between 2021 and 2022 were South Africa ($56).

Imports In 2022, Mongolia imported $86 in Copper Ore, becoming the 105th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 1094th most imported product in Mongolia. Mongolia imports Copper Ore primarily from: China ($86).

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 Copper Ore. 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)$2.73B
IMPORTS (2022)$86
NET TRADE (2022)$2.73B

In 2022, Mongolia exported $2.73B in Copper Ore. The main destinations of Mongolia exports on Copper Ore were China ($2.73B), South Africa ($733), and Netherlands ($194).

In 2022, Mongolia imported $86 in Copper Ore, mainly from China ($86).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):South Africa$56 (8.27%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Mongolia WERE (2021 - 2022):
China-$171M (-5.91%)
Netherlands-$692 (-78.1%)
Germany-$513 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Copper Ore were:
Chile $22.8B
Peru $13.5B
Indonesia $8.89B
In 2022, Mongolia's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $692M
TOP IMPORT POTENTIALIndonesia+ $573

Copper Ore’s highest export potential is China. With an export gap of $692M.   Copper Ore’s highest import potential is Indonesia with an import gap of $573.

See methodology.

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