HS Icon Gold in  Flag Mongolia

2020
Exports | Imports
: $2.69B | $10.4M, World Rnk 30 / 175
Flag Rnk 1 / 613 | World Rnk 83 / 168
Flag Rnk 96 / 1069

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.88B | $10.4M, Switzerland |  Switzerland

2020
ECONOMIC COMPLEXITY of Mongolia
: -1.24, Rnk 113 / 127

2020
PRODUCT COMPLEXITY  IN Gold
: -2.26, Rnk 1020 / 1029

Exports In 2020, Mongolia exported $2.69B in Gold, making it the 30th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in Mongolia. The main destination of Gold exports from Mongolia are: Switzerland ($2.58B), Singapore ($60M), and United Kingdom ($48.2M).

The fastest growing export markets for Gold of Mongolia between 2019 and 2020 were Switzerland ($1.88B).

Imports In 2020, Mongolia imported $10.4M in Gold, becoming the 83rd largest importer of Gold in the world. At the same year, Gold was the 96th most imported product in Mongolia. Mongolia imports Gold primarily from: Switzerland ($10.4M) and Germany ($8.22k).

The fastest growing import markets in Gold for Mongolia between 2019 and 2020 were Switzerland ($10.4M).

Tariffs In 2018, the average tariff for Mongolia in Gold was 4.99%. The countries with the highest import tariffs for Gold were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $2.69B

IMPORTS (2020): $10.4M

NET TRADE (2020): $2.68B

In 2020, Mongolia exported $2.69B in Gold. The main destinations of Mongolia exports on Gold were Switzerland ($2.58B), Singapore ($60M), and United Kingdom ($48.2M).

In 2020, Mongolia imported $10.4M in Gold, mainly from Switzerland ($10.4M) and Germany ($8.22k).

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Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR Mongolia WERE (2019 - 2020):: Switzerland, $1.88B (270%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Mongolia WERE (2019 - 2020):

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Market Concentration

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In 2020, Mongolia's main exporting competitors in Gold were:

In 2020, Mongolia's main importing competitors in Gold were:

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