2022
Exports
$14.6kWorld Rnk 155 / 202
Flag Rnk 319 / 652
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$24.5MWorld Rnk 96 / 225
Flag Rnk 58 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $14.6k in Sauces and Seasonings, making it the 155th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 319th most exported product in Mongolia. The main destination of Sauces and Seasonings exports from Mongolia are: South Korea ($14.6k), Brunei ($10), and Switzerland ($3).

The fastest growing export markets for Sauces and Seasonings of Mongolia between 2021 and 2022 were Brunei ($10).

Imports In 2022, Mongolia imported $24.5M in Sauces and Seasonings, becoming the 96th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 58th most imported product in Mongolia. Mongolia imports Sauces and Seasonings primarily from: Russia ($7.94M), South Korea ($7.32M), China ($2.21M), Thailand ($1.28M), and Japan ($1.18M).

The fastest growing import markets in Sauces and Seasonings for Mongolia between 2021 and 2022 were China ($997k), Russia ($504k), and Vietnam ($458k).

Latest Trends

Sep 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 Sauces and Seasonings. 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)$14.6k
IMPORTS (2022)$24.5M
NET TRADE (2022)-$24.5M

In 2022, Mongolia exported $14.6k in Sauces and Seasonings. The main destinations of Mongolia exports on Sauces and Seasonings were South Korea ($14.6k), Brunei ($10), and Switzerland ($3).

In 2022, Mongolia imported $24.5M in Sauces and Seasonings, mainly from Russia ($7.94M), South Korea ($7.32M), China ($2.21M), Thailand ($1.28M), and Japan ($1.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Brunei$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Mongolia WERE (2021 - 2022):
South Korea-$3.45k (-19.1%)
Bahrain-$994 (-100%)
Belgium-$222 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Sauces and Seasonings were:
In 2022, Mongolia's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $12.5k
TOP IMPORT POTENTIALChina+ $2.06M

Sauces and Seasonings’s highest export potential is South Korea. With an export gap of $12.5k.   Sauces and Seasonings’s highest import potential is China with an import gap of $2.06M.

See methodology.

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