2022
Exports
$563kWorld Rnk 81 / 219
Flag Rnk 90 / 652
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$8.32MWorld Rnk 104 / 220
Flag Rnk 160 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $563k in Ball Bearings, making it the 81st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 90th most exported product in Mongolia. The main destination of Ball Bearings exports from Mongolia are: China ($317k), Singapore ($155k), Russia ($47.5k), Armenia ($19.1k), and United States ($18.2k).

The fastest growing export markets for Ball Bearings of Mongolia between 2021 and 2022 were Singapore ($104k), Russia ($47.5k), and Armenia ($19.1k).

Imports In 2022, Mongolia imported $8.32M in Ball Bearings, becoming the 104th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 160th most imported product in Mongolia. Mongolia imports Ball Bearings primarily from: China ($3.33M), Singapore ($1.4M), United States ($782k), Japan ($550k), and Germany ($277k).

The fastest growing import markets in Ball Bearings for Mongolia between 2021 and 2022 were China ($1.22M), Sweden ($179k), and United Kingdom ($119k).

Latest Trends

Oct 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 Ball Bearings. 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)$563k
IMPORTS (2022)$8.32M
NET TRADE (2022)-$7.76M

In 2022, Mongolia exported $563k in Ball Bearings. The main destinations of Mongolia exports on Ball Bearings were China ($317k), Singapore ($155k), Russia ($47.5k), Armenia ($19.1k), and United States ($18.2k).

In 2022, Mongolia imported $8.32M in Ball Bearings, mainly from China ($3.33M), Singapore ($1.4M), United States ($782k), Japan ($550k), and Germany ($277k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$104k (205%)
Russia$47.5k (1%)
Armenia$19.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Mongolia WERE (2021 - 2022):
United States-$10.1k (-35.8%)
China-$8.02k (-2.47%)
Sweden-$1.17k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Mongolia's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $539k
TOP IMPORT POTENTIALChina+ $2.7M

Ball Bearings’s highest export potential is China. With an export gap of $539k.   Ball Bearings’s highest import potential is China with an import gap of $2.7M.

See methodology.

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