2022
Exports
$2.1kWorld Rnk 158 / 203
Flag Rnk 449 / 652
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$478kWorld Rnk 145 / 220
Flag Rnk 566 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.1k in Hand Tools, making it the 158th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 449th most exported product in Mongolia. The main destination of Hand Tools exports from Mongolia are: France ($1.34k), Sudan ($554), Togo ($145), New Zealand ($50), and Tunisia ($10).

The fastest growing export markets for Hand Tools of Mongolia between 2021 and 2022 were France ($1.34k), Sudan ($554), and Togo ($145).

Imports In 2022, Mongolia imported $478k in Hand Tools, becoming the 145th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 566th most imported product in Mongolia. Mongolia imports Hand Tools primarily from: China ($160k), Sweden ($84.4k), Germany ($80.9k), United States ($35.5k), and Canada ($18.5k).

The fastest growing import markets in Hand Tools for Mongolia between 2021 and 2022 were Sweden ($80.5k), China ($64.1k), and Germany ($24.3k).

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 Hand Tools. 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)$2.1k
IMPORTS (2022)$478k
NET TRADE (2022)-$476k

In 2022, Mongolia exported $2.1k in Hand Tools. The main destinations of Mongolia exports on Hand Tools were France ($1.34k), Sudan ($554), Togo ($145), New Zealand ($50), and Tunisia ($10).

In 2022, Mongolia imported $478k in Hand Tools, mainly from China ($160k), Sweden ($84.4k), Germany ($80.9k), United States ($35.5k), and Canada ($18.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
France$1.34k (1%)
Sudan$554 (1%)
Togo$145 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Mongolia WERE (2021 - 2022):
Uganda-$1.1k (-100%)
Kazakhstan-$2 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.76k
TOP IMPORT POTENTIALChina+ $168k

Hand Tools’s highest export potential is France. With an export gap of $1.76k.   Hand Tools’s highest import potential is China with an import gap of $168k.

See methodology.

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