2023
Exports
$7.38kWorld Rnk 154 / 170
Flag Rnk 324 / 494
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$96.7MWorld Rnk 56 / 220
Flag Rnk 15 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $7.38k in Raw Iron Bars, making it the 154th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 324th most exported product in Mongolia. The main destination of Raw Iron Bars exports from Mongolia are: Burkina Faso ($7.38k).

The fastest growing export markets for Raw Iron Bars of Mongolia between N/A and 2023 were Burkina Faso ($7.38k).

Imports In 2023, Mongolia imported $96.7M in Raw Iron Bars, becoming the 56th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 15th most imported product in Mongolia. Mongolia imports Raw Iron Bars primarily from: China ($96.7M), Australia ($6.13k), Netherlands ($830), and France ($710).

The fastest growing import markets in Raw Iron Bars for Mongolia between 2022 and 2023 were China ($3.98M), Australia ($5.26k), and Netherlands ($830).

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 Raw Iron Bars. 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)$7.38k
IMPORTS (2023)$96.7M
NET TRADE (2023)-$96.7M

In 2023, Mongolia exported $7.38k in Raw Iron Bars. The main destinations of Mongolia exports on Raw Iron Bars were Burkina Faso ($7.38k).

In 2023, Mongolia imported $96.7M in Raw Iron Bars, mainly from China ($96.7M), Australia ($6.13k), Netherlands ($830), and France ($710).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Mongolia WERE (N/A - 2023):Burkina Faso$7.38k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Mongolia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $609
TOP IMPORT POTENTIALIndia+ $714k

Raw Iron Bars’s highest export potential is China. With an export gap of $609.   Raw Iron Bars’s highest import potential is India with an import gap of $714k.

See methodology.

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