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2023
Exports $115World Rnk 192 / 199
Flag Rnk 469 / 494
2023
Destination $115N/A
2022 - 2023
FASTEST GROWING MARKET $115Austria
2023
PRODUCT COMPLEXITY IN Motor-working Tools1.34Rnk 73 / 1025
2023
Imports $1.46MWorld Rnk 142 / 225
Flag Rnk 335 / 1005
2023
Origin $31.8k China
2022 - 2023
FASTEST GROWING ORIGIN $31.8kCanada
2023
ECONOMIC COMPLEXITY of Mongolia-1.32Rnk 123 / 132

About

The fastest growing export markets for Motor-working Tools of Mongolia between 2022 and 2023 were Austria ($115).

Imports In 2023, Mongolia imported $1.46M in Motor-working Tools, becoming the 142nd largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 335th most imported product in Mongolia. Mongolia imports Motor-working Tools primarily from: China ($538k), Australia ($349k), United States ($117k), Austria ($99.1k), and Canada ($54.5k).

The fastest growing import markets in Motor-working Tools for Mongolia between 2022 and 2023 were Canada ($31.8k), Singapore ($12.2k), and Turkey ($6.88k).

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 Motor-working Tools. 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)$115
IMPORTS (2023)$1.46M
NET TRADE (2023)-$1.46M

In 2023, Mongolia imported $1.46M in Motor-working Tools, mainly from China ($538k), Australia ($349k), United States ($117k), Austria ($99.1k), and Canada ($54.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):Austria$115 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Mongolia WERE (2022 - 2023):
Japan-$302 (-100%)
Togo-$162 (-100%)
Russia-$55 (-100%)
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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 Motor-working Tools were:
China $3.15B
Germany $1.17B
United States $712M
In 2023, Mongolia's main importing competitors in Motor-working Tools were:
United States $1.37B
Germany $482M
Mexico $458M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $2.48k
TOP IMPORT POTENTIALChina+ $2.78M

Motor-working Tools’s highest export potential is Austria. With an export gap of $2.48k.   Motor-working Tools’s highest import potential is China with an import gap of $2.78M.

See methodology.

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