HS Icon Refined Petroleum in  Flag Mongolia

2021
Exports | Imports
: $423k | $1.01B, World Rnk 165 / 218
Flag Rnk 92 / 619 | World Rnk 94 / 226
Flag Rnk 1 / 1085

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $169k | $182M, United States |  Russia

2021
ECONOMIC COMPLEXITY of Mongolia
: -1.23, Rnk 117 / 131

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

Exports In 2021, Mongolia exported $423k in Refined Petroleum, making it the 165th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 92nd most exported product in Mongolia. The main destination of Refined Petroleum exports from Mongolia are: United States ($169k), Turkey ($120k), Singapore ($99.4k), South Korea ($34.6k), and Germany ($20).

The fastest growing export markets for Refined Petroleum of Mongolia between 2020 and 2021 were United States ($169k) and Singapore ($99.4k).

Imports In 2021, Mongolia imported $1.01B in Refined Petroleum, becoming the 94th 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 ($878M), China ($63.4M), South Korea ($19.7M), Japan ($12.8M), and Singapore ($12.4M).

The fastest growing import markets in Refined Petroleum for Mongolia between 2020 and 2021 were Russia ($182M), China ($18.6M), and Japan ($10.8M).

Tariffs In 2018, the average tariff for Mongolia in Refined Petroleum was 3.88%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 3.89%), Burundi (Most Favoured Nation duty rate treatment, 3.89%), Benin (Most Favoured Nation duty rate treatment, 3.89%), Burkina Faso (Most Favoured Nation duty rate treatment, 3.89%), and Botswana (Most Favoured Nation duty rate treatment, 3.89%).

Subnational Monthly Trade

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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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Historical Data

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EXPORTS (2021): $423k

IMPORTS (2021): $1.01B

NET TRADE (2021): -$1.01B

In 2021, Mongolia exported $423k in Refined Petroleum. The main destinations of Mongolia exports on Refined Petroleum were United States ($169k), Turkey ($120k), Singapore ($99.4k), South Korea ($34.6k), and Germany ($20).

In 2021, Mongolia imported $1.01B in Refined Petroleum, mainly from Russia ($878M), China ($63.4M), South Korea ($19.7M), Japan ($12.8M), and Singapore ($12.4M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Mongolia WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Mongolia WERE (2020 - 2021):

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Market Concentration

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In 2021, Mongolia's main exporting competitors in Refined Petroleum were:

In 2021, Mongolia's main importing competitors in Refined Petroleum were:

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