2022
Exports | Imports
$665k | $4.51MWorld Rnk 101 / 207
Flag Rnk 85 / 652
World Rnk 126 / 221
Flag Rnk 239 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.14Rnk 110 / 124
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.31Rnk 912 / 1025

About

Exports In 2022, Mongolia exported $665k in Knit Men's Suits, making it the 101st largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 85th most exported product in Mongolia. The main destination of Knit Men's Suits exports from Mongolia are: Germany ($282k), United Kingdom ($101k), Chinese Taipei ($64.4k), China ($40.5k), and Russia ($34.5k).

The fastest growing export markets for Knit Men's Suits of Mongolia between 2021 and 2022 were Germany ($152k), United Kingdom ($99.1k), and Chinese Taipei ($62.9k).

Imports In 2022, Mongolia imported $4.51M in Knit Men's Suits, becoming the 126th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 239th most imported product in Mongolia. Mongolia imports Knit Men's Suits primarily from: China ($2.83M), Italy ($350k), Bangladesh ($321k), Turkey ($254k), and Hong Kong ($121k).

The fastest growing import markets in Knit Men's Suits for Mongolia between 2021 and 2022 were China ($2.4M), Turkey ($213k), and Italy ($147k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Knit Men's Suits from Mongolia to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 (2022)$665k
IMPORTS (2022)$4.51M
NET TRADE (2022)-$3.84M

In 2022, Mongolia exported $665k in Knit Men's Suits. The main destinations of Mongolia exports on Knit Men's Suits were Germany ($282k), United Kingdom ($101k), Chinese Taipei ($64.4k), China ($40.5k), and Russia ($34.5k).

In 2022, Mongolia imported $4.51M in Knit Men's Suits, mainly from China ($2.83M), Italy ($350k), Bangladesh ($321k), Turkey ($254k), and Hong Kong ($121k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Germany$152k (117%)
United Kingdom$99.1k (4.99k%)
Chinese Taipei$62.9k (4.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Mongolia WERE (2021 - 2022):
United States-$53.1k (-67.6%)
Italy-$14.9k (-100%)
France-$9.74k (-25.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Knit Men's Suits were:
In 2022, Mongolia's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

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