2022
Exports
$12.2kWorld Rnk 124 / 184
Flag Rnk 326 / 652
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$1.01MWorld Rnk 101 / 218
Flag Rnk 445 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $12.2k in Tool Sets, making it the 124th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 326th most exported product in Mongolia. The main destination of Tool Sets exports from Mongolia are: Singapore ($12k), Australia ($154), and Sudan ($10).

The fastest growing export markets for Tool Sets of Mongolia between 2021 and 2022 were Singapore ($12k), Australia ($148), and Sudan ($10).

Imports In 2022, Mongolia imported $1.01M in Tool Sets, becoming the 101st largest importer of Tool Sets in the world. At the same year, Tool Sets was the 445th most imported product in Mongolia. Mongolia imports Tool Sets primarily from: China ($402k), Russia ($278k), Germany ($126k), Chinese Taipei ($95.2k), and India ($30.8k).

The fastest growing import markets in Tool Sets for Mongolia between 2021 and 2022 were Russia ($237k), Germany ($68.3k), and Chinese Taipei ($52.4k).

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 Tool Sets. 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)$12.2k
IMPORTS (2022)$1.01M
NET TRADE (2022)-$994k

In 2022, Mongolia exported $12.2k in Tool Sets. The main destinations of Mongolia exports on Tool Sets were Singapore ($12k), Australia ($154), and Sudan ($10).

In 2022, Mongolia imported $1.01M in Tool Sets, mainly from China ($402k), Russia ($278k), Germany ($126k), Chinese Taipei ($95.2k), and India ($30.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$12k (1%)
Australia$148 (2.47k%)
Sudan$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Mongolia WERE (2021 - 2022):
South Korea-$1.2k (-100%)
Chinese Taipei-$500 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $747
TOP IMPORT POTENTIALChina+ $253k

Tool Sets’s highest export potential is Russia. With an export gap of $747.   Tool Sets’s highest import potential is China with an import gap of $253k.

See methodology.

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