2023
Exports
$7.88MWorld Rnk 41 / 164
Flag Rnk 26 / 494
2023
PRODUCT COMPLEXITY IN Precious Stones
-1.29Rnk 897 / 1025
2023
Imports
$3.58kWorld Rnk 146 / 184
Flag Rnk 927 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $7.88M in Precious Stones, making it the 41st largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 26th most exported product in Mongolia. The main destination of Precious Stones exports from Mongolia are: China ($7.84M), United States ($32k), Japan ($6.32k), and Canada ($18).

The fastest growing export markets for Precious Stones of Mongolia between 2022 and 2023 were China ($3.61M), United States ($32k), and Japan ($4.54k).

Imports In 2023, Mongolia imported $3.58k in Precious Stones, becoming the 146th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 927th most imported product in Mongolia. Mongolia imports Precious Stones primarily from: Thailand ($2.33k) and India ($1.25k).

The fastest growing import markets in Precious Stones for Mongolia between 2022 and 2023 were India ($1.12k).

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 Precious Stones. 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)$7.88M
IMPORTS (2023)$3.58k
NET TRADE (2023)$7.88M

In 2023, Mongolia exported $7.88M in Precious Stones. The main destinations of Mongolia exports on Precious Stones were China ($7.84M), United States ($32k), Japan ($6.32k), and Canada ($18).

In 2023, Mongolia imported $3.58k in Precious Stones, mainly from Thailand ($2.33k) and India ($1.25k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
China$3.61M (85.2%)
United States$32k (1%)
Japan$4.54k (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Mongolia WERE (2022 - 2023):United Kingdom-$1.94k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Precious Stones were:
In 2023, Mongolia's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.75M
TOP IMPORT POTENTIALThailand+ $6.96k

Precious Stones’s highest export potential is China. With an export gap of $4.75M.   Precious Stones’s highest import potential is Thailand with an import gap of $6.96k.

See methodology.

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