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2023
Exports $262kWorld Rnk 108 / 207
Flag Rnk 103 / 494
2023
Destination $17.4k Germany
2022 - 2023
FASTEST GROWING MARKET $17.4kUnited States
2023
PRODUCT COMPLEXITY IN Knit Men's Suits-1.34Rnk 912 / 1025
2023
Imports $6.11MWorld Rnk 120 / 221
Flag Rnk 160 / 1005
2023
Origin $4.48M China
2022 - 2023
FASTEST GROWING ORIGIN $4.48MChina
2023
ECONOMIC COMPLEXITY of Mongolia-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $262k in Knit Men's Suits, making it the 108th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 103rd most exported product in Mongolia. The main destination of Knit Men's Suits exports from Mongolia are: Germany ($121k), United States ($42.7k), China ($35.8k), Chinese Taipei ($25.4k), and Norway ($10.8k).

The fastest growing export markets for Knit Men's Suits of Mongolia between 2022 and 2023 were United States ($17.4k), Norway ($10.2k), and Switzerland ($5.45k).

Imports In 2023, Mongolia imported $6.11M in Knit Men's Suits, becoming the 120th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 160th most imported product in Mongolia. Mongolia imports Knit Men's Suits primarily from: China ($5.31M), Italy ($347k), Malaysia ($121k), Germany ($97.9k), and Turkey ($63.8k).

The fastest growing import markets in Knit Men's Suits for Mongolia between 2022 and 2023 were China ($4.48M), Italy ($288k), and Malaysia ($105k).

Latest Trends

Dec 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 Knit Men's Suits. 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 (2023)$262k
IMPORTS (2023)$6.11M
NET TRADE (2023)-$5.85M

In 2023, Mongolia exported $262k in Knit Men's Suits. The main destinations of Mongolia exports on Knit Men's Suits were Germany ($121k), United States ($42.7k), China ($35.8k), Chinese Taipei ($25.4k), and Norway ($10.8k).

In 2023, Mongolia imported $6.11M in Knit Men's Suits, mainly from China ($5.31M), Italy ($347k), Malaysia ($121k), Germany ($97.9k), and Turkey ($63.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
United States$17.4k (68.3%)
Norway$10.2k (1.64k%)
Switzerland$5.45k (9.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Mongolia WERE (2022 - 2023):
Germany-$110k (-47.6%)
United Kingdom-$52.5k (-96.1%)
Chinese Taipei-$39k (-60.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Knit Men's Suits were:
China $3.83B
Bangladesh $1.09B
Vietnam $1.03B
In 2023, Mongolia's main importing competitors in Knit Men's Suits were:
United States $2.64B
Japan $597M
United Kingdom $590M

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $164k
TOP IMPORT POTENTIALChina+ $2.02M

Knit Men's Suits’s highest export potential is Germany. With an export gap of $164k.   Knit Men's Suits’s highest import potential is China with an import gap of $2.02M.

See methodology.

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