2022
Exports
$56.2kWorld Rnk 176 / 226
Flag Rnk 224 / 652
2022
PRODUCT COMPLEXITY IN Integrated Circuits
1.48Rnk 56 / 1025
2022
Imports
$3.75MWorld Rnk 136 / 225
Flag Rnk 270 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $56.2k in Integrated Circuits, making it the 176th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 224th most exported product in Mongolia. The main destination of Integrated Circuits exports from Mongolia are: United States ($26.1k), Japan ($17.1k), United Kingdom ($4.41k), Sweden ($3.46k), and Denmark ($2.96k).

The fastest growing export markets for Integrated Circuits of Mongolia between 2021 and 2022 were United States ($23k), Japan ($17.1k), and Sweden ($3.46k).

Imports In 2022, Mongolia imported $3.75M in Integrated Circuits, becoming the 136th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 270th most imported product in Mongolia. Mongolia imports Integrated Circuits primarily from: South Korea ($1.71M), China ($1.24M), Poland ($366k), Switzerland ($213k), and Vietnam ($39k).

The fastest growing import markets in Integrated Circuits for Mongolia between 2021 and 2022 were South Korea ($340k), Israel ($20k), and Vietnam ($15.7k).

Latest Trends

Oct 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 Integrated Circuits. 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)$56.2k
IMPORTS (2022)$3.75M
NET TRADE (2022)-$3.7M

In 2022, Mongolia exported $56.2k in Integrated Circuits. The main destinations of Mongolia exports on Integrated Circuits were United States ($26.1k), Japan ($17.1k), United Kingdom ($4.41k), Sweden ($3.46k), and Denmark ($2.96k).

In 2022, Mongolia imported $3.75M in Integrated Circuits, mainly from South Korea ($1.71M), China ($1.24M), Poland ($366k), Switzerland ($213k), and Vietnam ($39k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United States$23k (738%)
Japan$17.1k (1%)
Sweden$3.46k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Mongolia WERE (2021 - 2022):
United Kingdom-$86.7k (-95.2%)
Austria-$41.4k (-100%)
South Korea-$32.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Integrated Circuits were:
In 2022, Mongolia's main importing competitors in Integrated Circuits were:

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $75.1k
TOP IMPORT POTENTIALChina+ $735k

Integrated Circuits’s highest export potential is United States. With an export gap of $75.1k.   Integrated Circuits’s highest import potential is China with an import gap of $735k.

See methodology.

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