2022
Exports
$1.62MWorld Rnk 99 / 224
Flag Rnk 55 / 652
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$23.5MWorld Rnk 128 / 224
Flag Rnk 61 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $1.62M in Valves, making it the 99th largest exporter of Valves in the world. At the same year, Valves was the 55th most exported product in Mongolia. The main destination of Valves exports from Mongolia are: Germany ($939k), South Korea ($244k), Singapore ($173k), Japan ($98.6k), and Russia ($84k).

The fastest growing export markets for Valves of Mongolia between 2021 and 2022 were Germany ($910k), South Korea ($244k), and Singapore ($95.9k).

Imports In 2022, Mongolia imported $23.5M in Valves, becoming the 128th largest importer of Valves in the world. At the same year, Valves was the 61st most imported product in Mongolia. Mongolia imports Valves primarily from: China ($11.7M), Italy ($1.43M), Russia ($1.19M), Germany ($1.15M), and United States ($1.08M).

The fastest growing import markets in Valves for Mongolia between 2021 and 2022 were China ($5.14M), Italy ($710k), and Sweden ($268k).

Latest Trends

Aug 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 Valves. 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)$1.62M
IMPORTS (2022)$23.5M
NET TRADE (2022)-$21.9M

In 2022, Mongolia exported $1.62M in Valves. The main destinations of Mongolia exports on Valves were Germany ($939k), South Korea ($244k), Singapore ($173k), Japan ($98.6k), and Russia ($84k).

In 2022, Mongolia imported $23.5M in Valves, mainly from China ($11.7M), Italy ($1.43M), Russia ($1.19M), Germany ($1.15M), and United States ($1.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Germany$910k (3.12k%)
South Korea$244k (1%)
Singapore$95.9k (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Mongolia WERE (2021 - 2022):
United States-$13.7k (-93%)
Sweden-$6.29k (-100%)
India-$2.23k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $730k
TOP IMPORT POTENTIALChina+ $9.02M

Valves’s highest export potential is Germany. With an export gap of $730k.   Valves’s highest import potential is China with an import gap of $9.02M.

See methodology.

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