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2023
Exports $2.65BWorld Rnk 10 / 111
Flag Rnk 2 / 494
falsefalse China
2022 - 2023
FASTEST GROWING MARKETfalseGermany
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $86World Rnk 0 / 0
Flag Rnk 0 / 0
2022 - 2023
FASTEST GROWING ORIGINfalsefalse
2023
ECONOMIC COMPLEXITY of Mongolia-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $2.65B 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 ($2.65B), Germany ($5.04k), Australia ($4.92k), Netherlands ($567), and South Africa ($292).

The fastest growing export markets for Copper Ore of Mongolia between 2022 and 2023 were Germany ($5.04k), Australia ($4.92k), and Netherlands ($354).

Imports In 2022, Mongolia imported $86 in Copper Ore, becoming the 0th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 0th most imported product in Mongolia. Mongolia imports Copper Ore primarily from: N/A.

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 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 (2023)$2.65B
IMPORTS (2022)$86
NET TRADE (2023)$2.65B

In 2023, Mongolia exported $2.65B in Copper Ore. The main destinations of Mongolia exports on Copper Ore were China ($2.65B), Germany ($5.04k), Australia ($4.92k), Netherlands ($567), and South Africa ($292).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Germany$5.04k (1%)
Australia$4.92k (1%)
Netherlands$354 (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Mongolia WERE (2022 - 2023):
China-$34M (-1.27%)
South Africa-$441 (-60.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Mongolia's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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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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