2022
Exports
$516MWorld Rnk 80 / 226
Flag Rnk 3 / 21
2022
PRODUCT COMPLEXITY IN Textiles
1.5Rnk 52 / 1025
2022
Imports
$179MWorld Rnk 141 / 226
Flag Rnk 9 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $516M in Textiles, making it the 80th largest exporter of Textiles in the world. At the same year, Textiles was the 3rd most exported product in Mongolia. The main destination of Textiles exports from Mongolia are: China ($370M), Italy ($72.7M), United Kingdom ($18.3M), South Korea ($14.2M), and Germany ($8.52M).

The fastest growing export markets for Textiles of Mongolia between 2021 and 2022 were China ($75.7M), Italy ($17.9M), and United Kingdom ($5.82M).

Imports In 2022, Mongolia imported $179M in Textiles, becoming the 141st largest importer of Textiles in the world. At the same year, Textiles was the 9th most imported product in Mongolia. Mongolia imports Textiles primarily from: China ($93M), South Korea ($17.8M), Italy ($9.72M), Turkey ($8.24M), and Bangladesh ($7.36M).

The fastest growing import markets in Textiles for Mongolia between 2021 and 2022 were China ($14.7M), South Korea ($3.35M), and Turkey ($3.14M).

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 Textiles. 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)$516M
IMPORTS (2022)$179M
NET TRADE (2022)$337M

In 2022, Mongolia exported $516M in Textiles. The main destinations of Mongolia exports on Textiles were China ($370M), Italy ($72.7M), United Kingdom ($18.3M), South Korea ($14.2M), and Germany ($8.52M).

In 2022, Mongolia imported $179M in Textiles, mainly from China ($93M), South Korea ($17.8M), Italy ($9.72M), Turkey ($8.24M), and Bangladesh ($7.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$75.7M (25.8%)
Italy$17.9M (32.6%)
United Kingdom$5.82M (46.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles BY Mongolia WERE (2021 - 2022):
Russia-$2.03M (-27.7%)
Japan-$532k (-11.4%)
Netherlands-$495k (-25.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Textiles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.94M
TOP IMPORT POTENTIALChina+ $55.1M

Textiles’s highest export potential is United States. With an export gap of $9.94M.   Textiles’s highest import potential is China with an import gap of $55.1M.

See methodology.

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