2016
Exports
$555World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2016
Imports
$211MWorld Rnk 35 / 217
Flag Rnk 5 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $211M in Raw Iron Bars, becoming the 35th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 5th most imported product in Mongolia. Mongolia imports Raw Iron Bars primarily from: Russia ($117M), China ($92.9M), India ($496k), Japan ($50k), and Kazakhstan ($31.2k).

The fastest growing import markets in Raw Iron Bars for Mongolia between 2021 and 2022 were China ($36.9M), Russia ($25.7M), and Kazakhstan ($31.2k).

Latest Trends

Oct 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 (2016)$555
IMPORTS (2022)$211M
NET TRADE (2022)-$211M

In 2022, Mongolia imported $211M in Raw Iron Bars, mainly from Russia ($117M), China ($92.9M), India ($496k), Japan ($50k), and Kazakhstan ($31.2k).

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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 Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, 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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