2023
Exports
$835MWorld Rnk 67 / 167
Flag Rnk 3 / 494
falsefalse Switzerland
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$127MWorld Rnk 56 / 174
Flag Rnk 10 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $835M in Gold, making it the 67th largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in Mongolia. The main destination of Gold exports from Mongolia are: Switzerland ($835M).

Imports In 2023, Mongolia imported $127M in Gold, becoming the 56th largest importer of Gold in the world. At the same year, Gold was the 10th most imported product in Mongolia. Mongolia imports Gold primarily from: Switzerland ($127M) and Germany ($8.49k).

The fastest growing import markets in Gold for Mongolia between 2022 and 2023 were Switzerland ($127M) and Germany ($793).

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 Gold. 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)$835M
IMPORTS (2023)$127M
NET TRADE (2023)$708M

In 2023, Mongolia exported $835M in Gold. The main destinations of Mongolia exports on Gold were Switzerland ($835M).

In 2023, Mongolia imported $127M in Gold, mainly from Switzerland ($127M) and Germany ($8.49k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Mongolia WERE (2022 - 2023):
Switzerland-$1.14B (-57.8%)
South Korea-$76.2M (-100%)
Czechia-$229k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $16.1M
TOP IMPORT POTENTIALGermany+ $11.2k

Gold’s highest export potential is South Korea. With an export gap of $16.1M.   Gold’s highest import potential is Germany with an import gap of $11.2k.

See methodology.

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