Refined Petroleum in Mongolia | The Observatory of Economic Complexity

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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).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Mongolia to the United States.

Feb 2024

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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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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).