2022
Exports
$8.02MWorld Rnk 104 / 226
Flag Rnk 16 / 92
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof
0.93Rnk 199 / 1025
2022
Imports
$119MWorld Rnk 107 / 226
Flag Rnk 14 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $8.02M in Rubber & articles thereof, making it the 104th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 16th most exported product in Mongolia. The main destination of Rubber & articles thereof exports from Mongolia are: Russia ($7.6M), Germany ($98.7k), South Korea ($93.5k), Hong Kong ($79.5k), and Singapore ($46.7k).

The fastest growing export markets for Rubber & articles thereof of Mongolia between 2021 and 2022 were Russia ($7.6M), Germany ($98.4k), and South Korea ($74.1k).

Imports In 2022, Mongolia imported $119M in Rubber & articles thereof, becoming the 107th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 14th most imported product in Mongolia. Mongolia imports Rubber & articles thereof primarily from: China ($66.3M), Japan ($22.7M), United States ($7.36M), Russia ($2.57M), and South Korea ($2.51M).

The fastest growing import markets in Rubber & articles thereof for Mongolia between 2021 and 2022 were China ($19.4M), Japan ($3.3M), and Germany ($1.04M).

Latest Trends

Jul 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 Rubber & articles thereof. 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)$8.02M
IMPORTS (2022)$119M
NET TRADE (2022)-$111M

In 2022, Mongolia exported $8.02M in Rubber & articles thereof. The main destinations of Mongolia exports on Rubber & articles thereof were Russia ($7.6M), Germany ($98.7k), South Korea ($93.5k), Hong Kong ($79.5k), and Singapore ($46.7k).

In 2022, Mongolia imported $119M in Rubber & articles thereof, mainly from China ($66.3M), Japan ($22.7M), United States ($7.36M), Russia ($2.57M), and South Korea ($2.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$7.6M (2.63M%)
Germany$98.4k (34.1k%)
South Korea$74.1k (382%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Mongolia WERE (2021 - 2022):
China-$76.1k (-86.6%)
Singapore-$44.6k (-48.8%)
Turkey-$43.6k (-96.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Germany $17.1B
In 2022, Mongolia's main importing competitors in Rubber & articles thereof were:

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.76M
TOP IMPORT POTENTIALChina+ $26.3M

Rubber & articles thereof’s highest export potential is Russia. With an export gap of $1.76M.   Rubber & articles thereof’s highest import potential is China with an import gap of $26.3M.

See methodology.

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