2021
Exports
$54World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2021
Imports
$14.2MWorld Rnk 123 / 214
Flag Rnk 99 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $14.2M in Hot-Rolled Iron, becoming the 123rd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 99th most imported product in Mongolia. Mongolia imports Hot-Rolled Iron primarily from: China ($13.9M), United States ($185k), Russia ($54.2k), Kazakhstan ($20.6k), and Australia ($6.32k).

The fastest growing import markets in Hot-Rolled Iron for Mongolia between 2021 and 2022 were China ($3.44M), United States ($185k), and Russia ($50.2k).

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 Hot-Rolled Iron. 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 (2021)$54
IMPORTS (2022)$14.2M
NET TRADE (2022)-$14.2M

In 2022, Mongolia imported $14.2M in Hot-Rolled Iron, mainly from China ($13.9M), United States ($185k), Russia ($54.2k), Kazakhstan ($20.6k), and Australia ($6.32k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Mongolia WERE (N/A - 2021):France-$54 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Mongolia's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $815
TOP IMPORT POTENTIALChina+ $5.57M

Hot-Rolled Iron’s highest export potential is China. With an export gap of $815.   Hot-Rolled Iron’s highest import potential is China with an import gap of $5.57M.

See methodology.

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