2022
Exports
$4.3kWorld Rnk 121 / 144
Flag Rnk 402 / 652
2022
PRODUCT COMPLEXITY IN Locomotive Parts
0.82Rnk 237 / 1025
2022
Imports
$2.32MWorld Rnk 87 / 200
Flag Rnk 321 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $4.3k in Locomotive Parts, making it the 121st largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 402nd most exported product in Mongolia. The main destination of Locomotive Parts exports from Mongolia are: Russia ($4.3k).

The fastest growing export markets for Locomotive Parts of Mongolia between 2021 and 2022 were Russia ($3.59k).

Imports In 2022, Mongolia imported $2.32M in Locomotive Parts, becoming the 87th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 321st most imported product in Mongolia. Mongolia imports Locomotive Parts primarily from: Russia ($1.58M), China ($739k), Sweden ($2.68k), Ukraine ($483), and Netherlands ($4).

The fastest growing import markets in Locomotive Parts for Mongolia between 2021 and 2022 were Sweden ($2.68k).

Latest Trends

Jul 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 Locomotive Parts. 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)$4.3k
IMPORTS (2022)$2.32M
NET TRADE (2022)-$2.31M

In 2022, Mongolia exported $4.3k in Locomotive Parts. The main destinations of Mongolia exports on Locomotive Parts were Russia ($4.3k).

In 2022, Mongolia imported $2.32M in Locomotive Parts, mainly from Russia ($1.58M), China ($739k), Sweden ($2.68k), Ukraine ($483), and Netherlands ($4).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Russia$3.59k (510%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Locomotive Parts were:
In 2022, Mongolia's main importing competitors in Locomotive Parts were:

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $6.7k
TOP IMPORT POTENTIALChina+ $616k

Locomotive Parts’s highest export potential is Russia. With an export gap of $6.7k.   Locomotive Parts’s highest import potential is China with an import gap of $616k.

See methodology.

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