2022
Exports | Imports
$16.6M | $481kWorld Rnk 13 / 109
Flag Rnk 19 / 652
World Rnk 51 / 137
Flag Rnk 563 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.14Rnk 110 / 124
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025

About

Exports In 2022, Mongolia exported $16.6M in Wool, making it the 13th largest exporter of Wool in the world. At the same year, Wool was the 19th most exported product in Mongolia. The main destination of Wool exports from Mongolia are: China ($16.3M), India ($334k), Russia ($15.3k), Kyrgyzstan ($478), and France ($43).

The fastest growing export markets for Wool of Mongolia between 2021 and 2022 were China ($10.9M), India ($334k), and Kyrgyzstan ($478).

Imports In 2022, Mongolia imported $481k in Wool, becoming the 51st largest importer of Wool in the world. At the same year, Wool was the 563rd most imported product in Mongolia. Mongolia imports Wool primarily from: New Zealand ($376k), China ($95.4k), Kazakhstan ($8.46k), and Australia ($549).

The fastest growing import markets in Wool for Mongolia between 2021 and 2022 were China ($32.9k) and Australia ($549).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Wool from Mongolia to the United States.

Latest Trends

Feb 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 Wool. 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)$16.6M
IMPORTS (2022)$481k
NET TRADE (2022)$16.2M

In 2022, Mongolia exported $16.6M in Wool. The main destinations of Mongolia exports on Wool were China ($16.3M), India ($334k), Russia ($15.3k), Kyrgyzstan ($478), and France ($43).

In 2022, Mongolia imported $481k in Wool, mainly from New Zealand ($376k), China ($95.4k), Kazakhstan ($8.46k), and Australia ($549).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$10.9M (204%)
India$334k (1%)
Kyrgyzstan$478 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Mongolia WERE (2021 - 2022):
Russia-$20.6k (-57.4%)
Germany-$7.57k (-100%)
New Zealand-$4.28k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Wool were:
In 2022, Mongolia's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

Explore Visualizations

Trade Value of Wool by Exporters

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