2022
Exports
$25.5MWorld Rnk 153 / 226
Flag Rnk 9 / 21
2022
PRODUCT COMPLEXITY IN Foodstuffs
0.45Rnk 385 / 1025
2022
Imports
$713MWorld Rnk 110 / 226
Flag Rnk 5 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $25.5M in Foodstuffs, making it the 153rd largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 9th most exported product in Mongolia. The main destination of Foodstuffs exports from Mongolia are: China ($17.9M), South Korea ($2.14M), Russia ($2.08M), Cambodia ($954k), and Israel ($865k).

The fastest growing export markets for Foodstuffs of Mongolia between 2021 and 2022 were Russia ($1.17M), Israel ($865k), and South Korea ($471k).

Imports In 2018, Mongolia imported $713M in Foodstuffs, becoming the 110th largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 5th most imported product in Mongolia. Mongolia imports Foodstuffs primarily from: Russia ($162M), China ($114M), South Korea ($108M), Poland ($33.9M), and Germany ($33.6M).

The fastest growing import markets in Foodstuffs for Mongolia between 2021 and 2022 were South Korea ($30M), China ($14.9M), and Kazakhstan ($8.77M).

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 Foodstuffs. 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)$25.5M
IMPORTS (2022)$713M
NET TRADE (2022)-$687M

In 2022, Mongolia exported $25.5M in Foodstuffs. The main destinations of Mongolia exports on Foodstuffs were China ($17.9M), South Korea ($2.14M), Russia ($2.08M), Cambodia ($954k), and Israel ($865k).

In 2022, Mongolia imported $713M in Foodstuffs, mainly from Russia ($162M), China ($114M), South Korea ($108M), Poland ($33.9M), and Germany ($33.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$1.17M (129%)
Israel$865k (1%)
South Korea$471k (28.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Mongolia WERE (2021 - 2022):
China-$25M (-58.4%)
Kazakhstan-$992k (-100%)
Poland-$82.8k (-55.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Foodstuffs were:
In 2022, Mongolia's main importing competitors in Foodstuffs were:

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.78M
TOP IMPORT POTENTIALChina+ $27M

Foodstuffs’s highest export potential is Russia. With an export gap of $1.78M.   Foodstuffs’s highest import potential is China with an import gap of $27M.

See methodology.

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