2022
Exports
$4.15kWorld Rnk 145 / 199
Flag Rnk 406 / 652
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$5.4MWorld Rnk 120 / 220
Flag Rnk 209 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $4.15k in Special Pharmaceuticals, making it the 145th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 406th most exported product in Mongolia. The main destination of Special Pharmaceuticals exports from Mongolia are: South Korea ($2.61k), Poland ($1.05k), Russia ($421), and Sudan ($75).

The fastest growing export markets for Special Pharmaceuticals of Mongolia between 2021 and 2022 were South Korea ($2.61k), Poland ($1.05k), and Russia ($421).

Imports In 2022, Mongolia imported $5.4M in Special Pharmaceuticals, becoming the 120th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 209th most imported product in Mongolia. Mongolia imports Special Pharmaceuticals primarily from: Hong Kong ($1.14M), Germany ($839k), South Korea ($510k), Ireland ($397k), and France ($358k).

The fastest growing import markets in Special Pharmaceuticals for Mongolia between 2021 and 2022 were Hong Kong ($321k), France ($276k), and United States ($156k).

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 Special Pharmaceuticals. 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)$4.15k
IMPORTS (2022)$5.4M
NET TRADE (2022)-$5.4M

In 2022, Mongolia exported $4.15k in Special Pharmaceuticals. The main destinations of Mongolia exports on Special Pharmaceuticals were South Korea ($2.61k), Poland ($1.05k), Russia ($421), and Sudan ($75).

In 2022, Mongolia imported $5.4M in Special Pharmaceuticals, mainly from Hong Kong ($1.14M), Germany ($839k), South Korea ($510k), Ireland ($397k), and France ($358k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
South Korea$2.61k (1%)
Poland$1.05k (1%)
Russia$421 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Mongolia WERE (2021 - 2022):Germany-$1.72k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Special Pharmaceuticals were:
In 2022, Mongolia's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $3.9k
TOP IMPORT POTENTIALChina+ $424k

Special Pharmaceuticals’s highest export potential is South Korea. With an export gap of $3.9k.   Special Pharmaceuticals’s highest import potential is China with an import gap of $424k.

See methodology.

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