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Province in China

2023
Economic
Complexity 0.017Rank 30 of 31
Sep 2024
Trade
Exports | Imports $1.19B | $1.47B22 of 31 | 23 of 31
Sep 2024
Country
Destination | Origin Russia | Mongolia $397M  | $719M

About

Overview This page contains the latest international trade data for Inner Mongolia Autonomous Region. In September 2024 Inner Mongolia Autonomous Region was the number 23 in total exports and the number 23 in total imports in China.

Exports In 2023, China's Inner Mongolia Autonomous Region exported $9.43B, making it the 23rd largest exporter out of the 31 exporters in China. In 2023 the top exports of Inner Mongolia Autonomous Region were Diesel road tractors for semi-trailers ($946M), Sunflower seeds ($630M), Glutamic acid, salts ($581M), Diesel Trucks > 20 tonnes ($407M), and Amino-alcohol-phenols etc with oxygen function ($375M).

Imports In 2023, China's Inner Mongolia Autonomous Region imported $13.4B, making it the 23rd largest importer out of the 31 importers in China. In 2023 top imports of Inner Mongolia Autonomous Region were Bituminous coal, not agglomerated ($6.58B), Copper ores and concentrates ($3.74B), Iron ore, concentrate, not iron pyrites,unagglomerate ($1.24B), Zinc ores and concentrates ($394M), and Petroleum oils, oils from bituminous minerals,... ($289M).

Economic Complexity In 2023, the highest complexity exports of Inner Mongolia Autonomous Region according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.11), Metalworking Transfer Machines (2.09), Blank Audio Media (1.98), Phosphoric Esters and Salts (1.91), Metal Lathes (1.82), Other Organo-Inorganic Compounds (1.8), Silicone (1.79), Oscilloscopes (1.77), Nickel Sheets (1.63), and Hydrides and other anions (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Inner Mongolia Autonomous Region exported $1.19B and imported $1.47B, resulting in a negative trade balance of $280M. Between September 2023 and September 2024 the exports of Inner Mongolia Autonomous Region have increased by $286M (31.8%) from $901M to $1.19B, while imports increased by $114M (8.43%) from $1.35B to $1.47B.

Trade In September 2024, the top exports of Inner Mongolia Autonomous Region were Tractors ($161M), Delivery Trucks ($122M), Oxygen Amino Compounds ($103M), Commodities not elsewhere specified ($76.5M), and Electric Batteries ($36M). In September 2024 the top imports of Inner Mongolia Autonomous Region were Copper Ore ($566M), Coal Briquettes ($430M), Iron Ore ($69.7M), Refined Petroleum ($51.6M), and Sawn Wood ($32M).

Destinations In September 2024, Inner Mongolia Autonomous Region exported mostly to Russia ($397M), Mongolia ($98.1M), Vietnam ($75.3M), United States ($50.1M), and South Korea ($44.6M), and imported mostly from Mongolia ($719M), Russia ($150M), Australia ($117M), Chile ($111M), and Indonesia ($82.3M).

Growth In September 2024, the increase in Inner Mongolia Autonomous Region's year-by-year exports was explained primarily by an increase in exports to Russia ($226M or 132%), Vietnam ($43.1M or 134%), and Singapore ($35.8M or 484%), and product exports increase in Delivery Trucks ($100M or 468%), Commodities not elsewhere specified ($75.5M or 7.15k%), and Tractors ($66.9M or 71.1%). In September 2024, the increase in Inner Mongolia Autonomous Region's year-by-year imports was explained primarily by an increase in imports from Chile ($86.4M or 359%), Indonesia ($69.2M or 527%), and Malaysia ($52.6M or 1.91k%), and product imports increase in Copper Ore ($287M or 103%), Refined Petroleum ($49.1M or 1.92k%), and Lead Ore ($12.2M or 67.6%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (September 2023 - September 2024)$286M(31.8%)
IMPORT GROWTH (September 2023 - September 2024)$114M(8.43%)

This section shows exports and imports data at subnational level for Inner Mongolia Autonomous Region. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Inner Mongolia Autonomous Region over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)Russia$2.57B
Top Product (2023)Diesel road tractors for semi-trailers$946M

In 2023 the top export destinations of Inner Mongolia Autonomous Region were Russia ($2.57B), Mongolia ($882M), South Korea ($574M), United States ($547M), and India ($512M).

In 2023 the top exports of Inner Mongolia Autonomous Region were Diesel road tractors for semi-trailers ($946M), Sunflower seeds ($630M), Glutamic acid, salts ($581M), Diesel Trucks > 20 tonnes ($407M), and Amino-alcohol-phenols etc with oxygen function ($375M).

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Exports Dynamics

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)
Russia $226M (132%)
Vietnam $43.1M (134%)
Singapore $35.8M (484%)
Rapidly Declining Export Origins (Sep 2023 - Sep 2024)
India -$44.9M (-63.6%)
Hong Kong -$17.7M (-52.1%)
Saudi Arabia -$15.9M (-62.4%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mongolia$9.06B
Top Import (2023)Bituminous coal, not agglomerated$6.58B

In 2023 the top import origins of Inner Mongolia Autonomous Region were Mongolia ($9.06B), Russia ($2.35B), Australia ($1.24B), Chile ($613M), and United States ($505M).

In 2023 the top imports of Inner Mongolia Autonomous Region were Bituminous coal, not agglomerated ($6.58B), Copper ores and concentrates ($3.74B), Iron ore, concentrate, not iron pyrites,unagglomerate ($1.24B), Zinc ores and concentrates ($394M), and Petroleum oils, oils from bituminous minerals,... ($289M).

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Imports Dynamics

Fastest Growing Import Origins (Sep 2023 - Sep 2024)
Chile $86.4M (359%)
Indonesia $69.2M (527%)
Malaysia $52.6M (1.91k%)
Rapidly Declining Import Origins (Sep 2023 - Sep 2024)
Mongolia -$56.6M (-7.3%)
Chinese Taipei -$25.7M (-74.1%)
South Korea -$23.7M (-86.9%)

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Economic Complexity

Economic Complexity of Inner Mongolia Autonomous Region

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Economic Complexity (2023)0.017

Inner Mongolia Autonomous Region ranks 30th out of the 31 provinces in China according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Inner Mongolia Autonomous Region already has a comparative advantage, are led by Party Decorations (0.22), Vacuum Flask (0.22), Cutlery Sets (0.22), Portable Lighting (0.22), and Iron Housewares (0.21).

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Most Complex Products by PCI

The highest complexity exports of Inner Mongolia Autonomous Region according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.11), Metalworking Transfer Machines (2.09), Blank Audio Media (1.98), Phosphoric Esters and Salts (1.91), Metal Lathes (1.82), Other Organo-Inorganic Compounds (1.8), Silicone (1.79), Oscilloscopes (1.77), Nickel Sheets (1.63), and Hydrides and other anions (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Sunflower Seeds (212.27), Flat panel displays (194.88), Locust beans, seaweed, sugar beet, cane,... (192.05), Natural Polymers (159.96), and Alkaline Metals (147.44).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Inner Mongolia Autonomous Region is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Inner Mongolia Autonomous Region. These are products that tend to be co-exported with the products that Inner Mongolia Autonomous Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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