2017
Exports
$30World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2017
Imports
$8.39MWorld Rnk 99 / 215
Flag Rnk 159 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $8.39M in Soybean Oil, becoming the 99th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 159th most imported product in Mongolia. Mongolia imports Soybean Oil primarily from: Russia ($4.13M), Vietnam ($2.44M), China ($1.24M), Malaysia ($315k), and South Korea ($251k).

The fastest growing import markets in Soybean Oil for Mongolia between 2021 and 2022 were Vietnam ($678k), South Korea ($59.1k), and Germany ($94).

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 Soybean Oil. 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 (2017)$30
IMPORTS (2022)$8.39M
NET TRADE (2022)-$8.39M

In 2022, Mongolia imported $8.39M in Soybean Oil, mainly from Russia ($4.13M), Vietnam ($2.44M), China ($1.24M), Malaysia ($315k), and South Korea ($251k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Soybean Oil were:
In 2022, Mongolia's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $687
TOP IMPORT POTENTIALChina+ $383k

Soybean Oil’s highest export potential is India. With an export gap of $687.   Soybean Oil’s highest import potential is China with an import gap of $383k.

See methodology.

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