2023
Exports
$358MWorld Rnk 52 / 150
Flag Rnk 5 / 494
falsefalse China
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$10World Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $358M in Crude Petroleum, making it the 52nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most exported product in Mongolia. The main destination of Crude Petroleum exports from Mongolia are: China ($358M).

The fastest growing export markets for Crude Petroleum of Mongolia between 2022 and 2023 were China ($128M).

Imports In 2022, Mongolia imported $10 in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Mongolia. Mongolia imports Crude Petroleum 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 Crude Petroleum. 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)$358M
IMPORTS (2022)$10
NET TRADE (2023)$358M

In 2023, Mongolia exported $358M in Crude Petroleum. The main destinations of Mongolia exports on Crude Petroleum were China ($358M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):China$128M (55.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Mongolia WERE (2022 - 2023):
France-$1.72k (-100%)
Singapore-$2 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Crude Petroleum were:
In 2023, Mongolia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $285M
TOP IMPORT POTENTIALRussia+ $1.02k

Crude Petroleum’s highest export potential is China. With an export gap of $285M.   Crude Petroleum’s highest import potential is Russia with an import gap of $1.02k.

See methodology.

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