HS Icon Iron Railway Products in  Flag Mongolia

2021
Exports | Imports
: $263k | $21.8M, World Rnk 61 / 125
Flag Rnk 117 / 619 | World Rnk 43 / 198
Flag Rnk 60 / 1085

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $263k | $13.3k, Russia |  Belarus

2021
ECONOMIC COMPLEXITY of Mongolia
: -1.23, Rnk 117 / 131

2021
PRODUCT COMPLEXITY IN Iron Railway Products
: 0.68, Rnk 286 / 1029

Exports In 2021, Mongolia exported $263k in Iron Railway Products, making it the 61st largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 117th most exported product in Mongolia. The main destination of Iron Railway Products exports from Mongolia are: Russia ($263k).

The fastest growing export markets for Iron Railway Products of Mongolia between 2020 and 2021 were Russia ($263k).

Imports In 2021, Mongolia imported $21.8M in Iron Railway Products, becoming the 43rd largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 60th most imported product in Mongolia. Mongolia imports Iron Railway Products primarily from: China ($15.4M), Russia ($2.72M), Australia ($1.51M), United Kingdom ($1.22M), and Germany ($872k).

The fastest growing import markets in Iron Railway Products for Mongolia between 2020 and 2021 were Belarus ($13.3k).

Tariffs In 2018, the average tariff for Mongolia in Iron Railway Products was 4.98%. The countries with the highest import tariffs for Iron Railway Products were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).

Subnational Monthly Trade

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Y-AXIS SCALE

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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

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EXPORTS (2021): $263k

IMPORTS (2021): $21.8M

NET TRADE (2021): -$21.5M

In 2021, Mongolia exported $263k in Iron Railway Products. The main destinations of Mongolia exports on Iron Railway Products were Russia ($263k).

In 2021, Mongolia imported $21.8M in Iron Railway Products, mainly from China ($15.4M), Russia ($2.72M), Australia ($1.51M), United Kingdom ($1.22M), and Germany ($872k).

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THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Mongolia WERE (2020 - 2021):: Russia, $263k (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Mongolia WERE (2020 - 2021):: France, -$542 (-100%)

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Market Concentration

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In 2021, Mongolia's main exporting competitors in Iron Railway Products were:

In 2021, Mongolia's main importing competitors in Iron Railway Products were:

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