2022
Exports
$38.4kWorld Rnk 144 / 215
Flag Rnk 252 / 652
2022
PRODUCT COMPLEXITY IN Electric Heaters
0.46Rnk 379 / 1025
2022
Imports
$32.4MWorld Rnk 99 / 224
Flag Rnk 47 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $38.4k in Electric Heaters, making it the 144th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 252nd most exported product in Mongolia. The main destination of Electric Heaters exports from Mongolia are: China ($30.2k), Sudan ($3.25k), Austria ($1.95k), Russia ($1.63k), and Denmark ($500).

The fastest growing export markets for Electric Heaters of Mongolia between 2021 and 2022 were China ($30.2k), Sudan ($2.5k), and Austria ($1.95k).

Imports In 2022, Mongolia imported $32.4M in Electric Heaters, becoming the 99th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 47th most imported product in Mongolia. Mongolia imports Electric Heaters primarily from: China ($13M), Turkey ($9.33M), Poland ($2.1M), Malaysia ($1.15M), and South Korea ($1.14M).

The fastest growing import markets in Electric Heaters for Mongolia between 2021 and 2022 were China ($2.03M), South Korea ($286k), and Germany ($199k).

Latest Trends

Jul 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 Electric Heaters. 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)$38.4k
IMPORTS (2022)$32.4M
NET TRADE (2022)-$32.3M

In 2022, Mongolia exported $38.4k in Electric Heaters. The main destinations of Mongolia exports on Electric Heaters were China ($30.2k), Sudan ($3.25k), Austria ($1.95k), Russia ($1.63k), and Denmark ($500).

In 2022, Mongolia imported $32.4M in Electric Heaters, mainly from China ($13M), Turkey ($9.33M), Poland ($2.1M), Malaysia ($1.15M), and South Korea ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$30.2k (1%)
Sudan$2.5k (338%)
Austria$1.95k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Mongolia WERE (2021 - 2022):
United States-$6.96k (-100%)
South Korea-$799 (-66.2%)
Switzerland-$691 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electric Heaters were:
China $31.5B
Italy $2.96B
In 2022, Mongolia's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $62.3k
TOP IMPORT POTENTIALChina+ $11.8M

Electric Heaters’s highest export potential is China. With an export gap of $62.3k.   Electric Heaters’s highest import potential is China with an import gap of $11.8M.

See methodology.

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