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Pricing

2021
Exports | Imports $263k | $48.6MWorld Rnk 0 / 0
Flag Rnk 0 / 0
World Rnk 23 / 203
Flag Rnk 29 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia-1.14Rnk 110 / 124
2022
PRODUCT COMPLEXITY IN Iron Railway Products0.43Rnk 400 / 1025

About

Imports In 2022, Mongolia imported $48.6M in Iron Railway Products, becoming the 23rd largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 29th most imported product in Mongolia. Mongolia imports Iron Railway Products primarily from: China ($40.5M), United Kingdom ($5.45M), Russia ($1.54M), Australia ($738k), and Germany ($363k).

The fastest growing import markets in Iron Railway Products for Mongolia between 2021 and 2022 were China ($24.9M), United Kingdom ($4.23M), and Vietnam ($41k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Railway Products from Mongolia to the United States.

Latest Trends

Feb 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 Iron Railway Products. 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)$263k
IMPORTS (2022)$48.6M
NET TRADE (2022)-$48.6M

In 2022, Mongolia imported $48.6M in Iron Railway Products, mainly from China ($40.5M), United Kingdom ($5.45M), Russia ($1.54M), Australia ($738k), and Germany ($363k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Mongolia WERE (N/A - 2021):Russia-$263k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Iron Railway Products were:
Austria $627M
China $573M
United States $334M
In 2022, Mongolia's main importing competitors in Iron Railway Products were:
Germany $452M
Canada $299M
United States $216M

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Trade Value of Iron Railway Products by Exporters

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