2023
Exports
$2.11MWorld Rnk 144 / 226
Flag Rnk 28 / 86
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$411MWorld Rnk 88 / 226
Flag Rnk 4 / 96
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $2.11M in Iron or steel articles, making it the 144th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 28th most exported product in Mongolia. The main destination of Iron or steel articles exports from Mongolia are: China ($1.71M), Japan ($130k), Norway ($56.9k), Canada ($55.8k), and Sweden ($51.6k).

The fastest growing export markets for Iron or steel articles of Mongolia between 2022 and 2023 were China ($1.39M), Norway ($56.9k), and Canada ($51.5k).

Imports In 2023, Mongolia imported $411M in Iron or steel articles, becoming the 88th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 4th most imported product in Mongolia. Mongolia imports Iron or steel articles primarily from: China ($373M), Turkey ($12.1M), India ($3.13M), United States ($3.05M), and Austria ($2.86M).

The fastest growing import markets in Iron or steel articles for Mongolia between 2022 and 2023 were China ($53.3M), Austria ($2.58M), and Singapore ($2.29M).

Latest Trends

Dec 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 Iron or steel articles. 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 (2023)$2.11M
IMPORTS (2023)$411M
NET TRADE (2023)-$408M

In 2023, Mongolia exported $2.11M in Iron or steel articles. The main destinations of Mongolia exports on Iron or steel articles were China ($1.71M), Japan ($130k), Norway ($56.9k), Canada ($55.8k), and Sweden ($51.6k).

In 2023, Mongolia imported $411M in Iron or steel articles, mainly from China ($373M), Turkey ($12.1M), India ($3.13M), United States ($3.05M), and Austria ($2.86M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
China$1.39M (442%)
Norway$56.9k (1%)
Canada$51.5k (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Mongolia WERE (2022 - 2023):
Singapore-$390k (-99.9%)
Japan-$195k (-60%)
Russia-$110k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Mongolia's main exporting competitors in Iron or steel articles were:
In 2023, Mongolia's main importing competitors in Iron or steel articles were:

Explore Visualizations

Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $285k
TOP IMPORT POTENTIALChina+ $56.6M

Iron or steel articles’s highest export potential is Japan. With an export gap of $285k.   Iron or steel articles’s highest import potential is China with an import gap of $56.6M.

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