2022
Exports
$1.9MWorld Rnk 104 / 216
Flag Rnk 49 / 652
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$16.4MWorld Rnk 131 / 225
Flag Rnk 88 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $1.9M in Machinery Having Individual Functions, making it the 104th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 49th most exported product in Mongolia. The main destination of Machinery Having Individual Functions exports from Mongolia are: Japan ($1.72M), Austria ($63.9k), South Korea ($47.1k), Russia ($27.4k), and Togo ($19.6k).

The fastest growing export markets for Machinery Having Individual Functions of Mongolia between 2021 and 2022 were Japan ($127k), Austria ($63.9k), and South Korea ($46.5k).

Imports In 2022, Mongolia imported $16.4M in Machinery Having Individual Functions, becoming the 131st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 88th most imported product in Mongolia. Mongolia imports Machinery Having Individual Functions primarily from: China ($7.88M), Australia ($1.7M), Russia ($1.45M), Vietnam ($1.35M), and Germany ($681k).

The fastest growing import markets in Machinery Having Individual Functions for Mongolia between 2021 and 2022 were China ($2.48M), Russia ($662k), and Vietnam ($409k).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Machinery Having Individual Functions. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.9M
IMPORTS (2022)$16.4M
NET TRADE (2022)-$14.5M

In 2022, Mongolia exported $1.9M in Machinery Having Individual Functions. The main destinations of Mongolia exports on Machinery Having Individual Functions were Japan ($1.72M), Austria ($63.9k), South Korea ($47.1k), Russia ($27.4k), and Togo ($19.6k).

In 2022, Mongolia imported $16.4M in Machinery Having Individual Functions, mainly from China ($7.88M), Australia ($1.7M), Russia ($1.45M), Vietnam ($1.35M), and Germany ($681k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Japan$127k (7.97%)
Austria$63.9k (1%)
South Korea$46.5k (7.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Mongolia WERE (2021 - 2022):
Singapore-$10.1k (-100%)
Canada-$4.43k (-100%)
Belgium-$3.27k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Mongolia's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Mongolia's main importing competitors in Machinery Having Individual Functions were:

Explore Visualizations

Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $536k
TOP IMPORT POTENTIALChina+ $4.82M

Machinery Having Individual Functions’s highest export potential is Japan. With an export gap of $536k.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $4.82M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with