2022
Exports
$2.86MWorld Rnk 144 / 210
Flag Rnk 14 / 21
2022
PRODUCT COMPLEXITY IN Animal and Vegetable Bi-Products
0.8Rnk 244 / 1025
2022
Imports
$57.3MWorld Rnk 142 / 224
Flag Rnk 16 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.86M in Animal and Vegetable Bi-Products, making it the 144th largest exporter of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 14th most exported product in Mongolia. The main destination of Animal and Vegetable Bi-Products exports from Mongolia are: China ($1.31M), South Korea ($986k), Azerbaijan ($217k), Chinese Taipei ($113k), and Uzbekistan ($88.5k).

The fastest growing export markets for Animal and Vegetable Bi-Products of Mongolia between 2021 and 2022 were South Korea ($985k), China ($479k), and Azerbaijan ($217k).

Imports In 2022, Mongolia imported $57.3M in Animal and Vegetable Bi-Products, becoming the 142nd largest importer of Animal and Vegetable Bi-Products in the world. At the same year, Animal and Vegetable Bi-Products was the 16th most imported product in Mongolia. Mongolia imports Animal and Vegetable Bi-Products primarily from: Russia ($35.8M), Malaysia ($8.99M), China ($4.19M), Vietnam ($2.47M), and Indonesia ($2.15M).

The fastest growing import markets in Animal and Vegetable Bi-Products for Mongolia between 2021 and 2022 were Russia ($4.8M), Malaysia ($2.86M), and Indonesia ($1.51M).

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 Animal and Vegetable Bi-Products. 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)$2.86M
IMPORTS (2022)$57.3M
NET TRADE (2022)-$54.4M

In 2022, Mongolia exported $2.86M in Animal and Vegetable Bi-Products. The main destinations of Mongolia exports on Animal and Vegetable Bi-Products were China ($1.31M), South Korea ($986k), Azerbaijan ($217k), Chinese Taipei ($113k), and Uzbekistan ($88.5k).

In 2022, Mongolia imported $57.3M in Animal and Vegetable Bi-Products, mainly from Russia ($35.8M), Malaysia ($8.99M), China ($4.19M), Vietnam ($2.47M), and Indonesia ($2.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal and Vegetable Bi-Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
South Korea$985k (220k%)
China$479k (57.5%)
Azerbaijan$217k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal and Vegetable Bi-Products BY Mongolia WERE (2021 - 2022):
Singapore-$58 (-0.89%)
Switzerland-$57 (-100%)
Czechia-$40 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Animal and Vegetable Bi-Products were:
In 2022, Mongolia's main importing competitors in Animal and Vegetable Bi-Products were:

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Trade Value of Animal and Vegetable Bi-Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $493k
TOP IMPORT POTENTIALIndonesia+ $1.87M

Animal and Vegetable Bi-Products’s highest export potential is China. With an export gap of $493k.   Animal and Vegetable Bi-Products’s highest import potential is Indonesia with an import gap of $1.87M.

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