2019
Exports
$63World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2019
Imports
$8.45MWorld Rnk 129 / 208
Flag Rnk 157 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $8.45M in Palm Oil, becoming the 129th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 157th most imported product in Mongolia. Mongolia imports Palm Oil primarily from: Malaysia ($5.84M), Indonesia ($1.61M), China ($802k), Russia ($200k), and United States ($270).

The fastest growing import markets in Palm Oil for Mongolia between 2021 and 2022 were Malaysia ($2.22M), Indonesia ($1.28M), and Russia ($132k).

Latest Trends

Sep 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 Palm Oil. 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 (2019)$63
IMPORTS (2022)$8.45M
NET TRADE (2022)-$8.45M

In 2022, Mongolia imported $8.45M in Palm Oil, mainly from Malaysia ($5.84M), Indonesia ($1.61M), China ($802k), Russia ($200k), and United States ($270).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Palm Oil were:
In 2022, Mongolia's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $877
TOP IMPORT POTENTIALIndonesia+ $1.6M

Palm Oil’s highest export potential is China. With an export gap of $877.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.6M.

See methodology.

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