2022
Exports
$491World Rnk 112 / 158
Flag Rnk 526 / 652
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$417kWorld Rnk 108 / 209
Flag Rnk 592 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $491 in Pastes and Waxes, making it the 112th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 526th most exported product in Mongolia. The main destination of Pastes and Waxes exports from Mongolia are: South Korea ($469) and Russia ($22).

The fastest growing export markets for Pastes and Waxes of Mongolia between 2021 and 2022 were Russia ($22).

Imports In 2022, Mongolia imported $417k in Pastes and Waxes, becoming the 108th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 592nd most imported product in Mongolia. Mongolia imports Pastes and Waxes primarily from: Russia ($189k), China ($113k), Lithuania ($36.4k), South Korea ($30.5k), and Germany ($12.3k).

The fastest growing import markets in Pastes and Waxes for Mongolia between 2021 and 2022 were Russia ($71k), China ($67.6k), and Lithuania ($28.2k).

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 Pastes and Waxes. 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)$491
IMPORTS (2022)$417k
NET TRADE (2022)-$417k

In 2022, Mongolia exported $491 in Pastes and Waxes. The main destinations of Mongolia exports on Pastes and Waxes were South Korea ($469) and Russia ($22).

In 2022, Mongolia imported $417k in Pastes and Waxes, mainly from Russia ($189k), China ($113k), Lithuania ($36.4k), South Korea ($30.5k), and Germany ($12.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Russia$22 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Mongolia WERE (2021 - 2022):South Korea-$158 (-25.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Pastes and Waxes were:
In 2022, Mongolia's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $543
TOP IMPORT POTENTIALChina+ $111k

Pastes and Waxes’s highest export potential is South Korea. With an export gap of $543.   Pastes and Waxes’s highest import potential is China with an import gap of $111k.

See methodology.

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