2022
Exports
$3World Rnk 193 / 194
Flag Rnk 648 / 652
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$409kWorld Rnk 161 / 223
Flag Rnk 599 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3 in Spices, making it the 193rd largest exporter of Spices in the world. At the same year, Spices was the 648th most exported product in Mongolia. The main destination of Spices exports from Mongolia are: South Korea ($3).

The fastest growing export markets for Spices of Mongolia between 2021 and 2022 were South Korea ($3).

Imports In 2022, Mongolia imported $409k in Spices, becoming the 161st largest importer of Spices in the world. At the same year, Spices was the 599th most imported product in Mongolia. Mongolia imports Spices primarily from: China ($116k), Russia ($59.9k), Japan ($47.9k), Thailand ($41k), and South Korea ($31.3k).

The fastest growing import markets in Spices for Mongolia between 2021 and 2022 were China ($50k), Thailand ($41k), and Poland ($8.84k).

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 Spices. 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)$3
IMPORTS (2022)$409k
NET TRADE (2022)-$409k

In 2022, Mongolia exported $3 in Spices. The main destinations of Mongolia exports on Spices were South Korea ($3).

In 2022, Mongolia imported $409k in Spices, mainly from China ($116k), Russia ($59.9k), Japan ($47.9k), Thailand ($41k), and South Korea ($31.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):South Korea$3 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Mongolia WERE (2021 - 2022):Canada-$80 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $477
TOP IMPORT POTENTIALChina+ $116k

Spices’s highest export potential is China. With an export gap of $477.   Spices’s highest import potential is China with an import gap of $116k.

See methodology.

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