2022
Exports
$1.97MWorld Rnk 81 / 223
Flag Rnk 47 / 652
2022
PRODUCT COMPLEXITY IN Engine Parts
0.92Rnk 203 / 1025
2022
Imports
$14.1MWorld Rnk 120 / 224
Flag Rnk 100 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $1.97M in Engine Parts, making it the 81st largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 47th most exported product in Mongolia. The main destination of Engine Parts exports from Mongolia are: United States ($781k), Singapore ($618k), Japan ($253k), China ($141k), and Russia ($122k).

The fastest growing export markets for Engine Parts of Mongolia between 2021 and 2022 were United States ($254k), Singapore ($119k), and China ($99.9k).

Imports In 2022, Mongolia imported $14.1M in Engine Parts, becoming the 120th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 100th most imported product in Mongolia. Mongolia imports Engine Parts primarily from: China ($4.99M), Mexico ($1.94M), Japan ($1.54M), Russia ($1.32M), and United States ($1.25M).

The fastest growing import markets in Engine Parts for Mongolia between 2021 and 2022 were China ($1.66M), United Kingdom ($840k), and Japan ($568k).

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 Engine Parts. 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)$1.97M
IMPORTS (2022)$14.1M
NET TRADE (2022)-$12.1M

In 2022, Mongolia exported $1.97M in Engine Parts. The main destinations of Mongolia exports on Engine Parts were United States ($781k), Singapore ($618k), Japan ($253k), China ($141k), and Russia ($122k).

In 2022, Mongolia imported $14.1M in Engine Parts, mainly from China ($4.99M), Mexico ($1.94M), Japan ($1.54M), Russia ($1.32M), and United States ($1.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United States$254k (48.1%)
Singapore$119k (24%)
China$99.9k (243%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Mongolia WERE (2021 - 2022):
Russia-$87.7k (-41.7%)
Canada-$4.89k (-90.7%)
Indonesia-$461 (-56%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Engine Parts were:
China $7.96B
Japan $6.08B
In 2022, Mongolia's main importing competitors in Engine Parts were:

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.02M
TOP IMPORT POTENTIALChina+ $3.61M

Engine Parts’s highest export potential is United States. With an export gap of $1.02M.   Engine Parts’s highest import potential is China with an import gap of $3.61M.

See methodology.

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