2022
Exports
$2.47MWorld Rnk 151 / 226
Flag Rnk 16 / 21
2022
PRODUCT COMPLEXITY IN Instruments
2.12Rnk 3 / 1025
2022
Imports
$142MWorld Rnk 111 / 226
Flag Rnk 10 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.47M in Instruments, making it the 151st largest exporter of Instruments in the world. At the same year, Instruments was the 16th most exported product in Mongolia. The main destination of Instruments exports from Mongolia are: Russia ($418k), Canada ($312k), Germany ($283k), South Korea ($281k), and China ($207k).

The fastest growing export markets for Instruments of Mongolia between 2021 and 2022 were Russia ($399k), Canada ($282k), and South Korea ($213k).

Imports In 2022, Mongolia imported $142M in Instruments, becoming the 111th largest importer of Instruments in the world. At the same year, Instruments was the 10th most imported product in Mongolia. Mongolia imports Instruments primarily from: China ($41M), South Korea ($13.7M), Japan ($12.5M), Germany ($12.3M), and Switzerland ($11M).

The fastest growing import markets in Instruments for Mongolia between 2021 and 2022 were Austria ($4.52M), Japan ($4.42M), and Switzerland ($2.37M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.47M
IMPORTS (2022)$142M
NET TRADE (2022)-$140M

In 2022, Mongolia exported $2.47M in Instruments. The main destinations of Mongolia exports on Instruments were Russia ($418k), Canada ($312k), Germany ($283k), South Korea ($281k), and China ($207k).

In 2022, Mongolia imported $142M in Instruments, mainly from China ($41M), South Korea ($13.7M), Japan ($12.5M), Germany ($12.3M), and Switzerland ($11M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$399k (2.11k%)
Canada$282k (922%)
South Korea$213k (314%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Mongolia WERE (2021 - 2022):
Australia-$147k (-59.6%)
Chinese Taipei-$94.7k (-86.5%)
Belgium-$89.7k (-97.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $668k
TOP IMPORT POTENTIALChina+ $29.6M

Instruments’s highest export potential is China. With an export gap of $668k.   Instruments’s highest import potential is China with an import gap of $29.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with