2022
Exports
$353kWorld Rnk 158 / 223
Flag Rnk 47 / 92
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$173MWorld Rnk 128 / 226
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $353k in Pharmaceutical products, making it the 158th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 47th most exported product in Mongolia. The main destination of Pharmaceutical products exports from Mongolia are: Poland ($242k), Japan ($70.7k), South Korea ($10.6k), Netherlands ($8.28k), and United States ($6.65k).

The fastest growing export markets for Pharmaceutical products of Mongolia between 2021 and 2022 were Japan ($70.7k), Netherlands ($8.28k), and Belgium ($5.4k).

Imports In 2022, Mongolia imported $173M in Pharmaceutical products, becoming the 128th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Mongolia. Mongolia imports Pharmaceutical products primarily from: Slovenia ($22.7M), South Korea ($22.1M), Russia ($16.8M), Germany ($16.4M), and China ($13.4M).

The fastest growing import markets in Pharmaceutical products for Mongolia between 2021 and 2022 were Hungary ($5.14M), Slovenia ($4.61M), and Switzerland ($3.29M).

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 Pharmaceutical products. 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)$353k
IMPORTS (2022)$173M
NET TRADE (2022)-$172M

In 2022, Mongolia exported $353k in Pharmaceutical products. The main destinations of Mongolia exports on Pharmaceutical products were Poland ($242k), Japan ($70.7k), South Korea ($10.6k), Netherlands ($8.28k), and United States ($6.65k).

In 2022, Mongolia imported $173M in Pharmaceutical products, mainly from Slovenia ($22.7M), South Korea ($22.1M), Russia ($16.8M), Germany ($16.4M), and China ($13.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Japan$70.7k (1%)
Netherlands$8.28k (1%)
Belgium$5.4k (642%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Mongolia WERE (2021 - 2022):
Poland-$57k (-19.1%)
Germany-$6.38k (-89.4%)
India-$1.02k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Pharmaceutical products were:
In 2022, Mongolia's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $169k
TOP IMPORT POTENTIALChina+ $15M

Pharmaceutical products’s highest export potential is Poland. With an export gap of $169k.   Pharmaceutical products’s highest import potential is China with an import gap of $15M.

See methodology.

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