2022
Exports
$257kWorld Rnk 170 / 214
Flag Rnk 132 / 652
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$1.55BWorld Rnk 92 / 225
Flag Rnk 1 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $257k in Refined Petroleum, making it the 170th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 132nd most exported product in Mongolia. The main destination of Refined Petroleum exports from Mongolia are: Russia ($214k), South Korea ($33.2k), Kazakhstan ($4.08k), Malaysia ($3.36k), and France ($1.75k).

The fastest growing export markets for Refined Petroleum of Mongolia between 2021 and 2022 were Russia ($214k), Kazakhstan ($4.08k), and Malaysia ($3.36k).

Imports In 2022, Mongolia imported $1.55B in Refined Petroleum, becoming the 92nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Mongolia. Mongolia imports Refined Petroleum primarily from: Russia ($1.43B), China ($47.9M), South Korea ($21.5M), Singapore ($17.8M), and Lithuania ($5.04M).

The fastest growing import markets in Refined Petroleum for Mongolia between 2021 and 2022 were Russia ($556M), Singapore ($5.38M), and Belarus ($3.09M).

Latest Trends

Apr 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 Refined Petroleum. 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)$257k
IMPORTS (2022)$1.55B
NET TRADE (2022)-$1.55B

In 2022, Mongolia exported $257k in Refined Petroleum. The main destinations of Mongolia exports on Refined Petroleum were Russia ($214k), South Korea ($33.2k), Kazakhstan ($4.08k), Malaysia ($3.36k), and France ($1.75k).

In 2022, Mongolia imported $1.55B in Refined Petroleum, mainly from Russia ($1.43B), China ($47.9M), South Korea ($21.5M), Singapore ($17.8M), and Lithuania ($5.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$214k (1%)
Kazakhstan$4.08k (1%)
Malaysia$3.36k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Mongolia WERE (2021 - 2022):
United States-$169k (-100%)
Turkey-$120k (-100%)
Singapore-$99.4k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Refined Petroleum were:
In 2022, Mongolia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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