2023
Exports
$328kWorld Rnk 97 / 199
Flag Rnk 93 / 494
2023
PRODUCT COMPLEXITY IN Base Metal Watches
0.81Rnk 252 / 1025
2023
Imports
$4.67MWorld Rnk 113 / 218
Flag Rnk 201 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $328k in Base Metal Watches, making it the 97th largest exporter of Base Metal Watches in the world. At the same year, Base Metal Watches was the 93rd most exported product in Mongolia. The main destination of Base Metal Watches exports from Mongolia are: Switzerland ($228k), Hong Kong ($90.6k), Bahrain ($5.37k), Germany ($2.91k), and Cambodia ($558).

The fastest growing export markets for Base Metal Watches of Mongolia between 2022 and 2023 were Switzerland ($200k), Hong Kong ($72.3k), and Bahrain ($5.37k).

Imports In 2023, Mongolia imported $4.67M in Base Metal Watches, becoming the 113th largest importer of Base Metal Watches in the world. At the same year, Base Metal Watches was the 201st most imported product in Mongolia. Mongolia imports Base Metal Watches primarily from: Switzerland ($4.19M), Hong Kong ($262k), Thailand ($67.8k), United States ($57.2k), and Germany ($54.1k).

The fastest growing import markets in Base Metal Watches for Mongolia between 2022 and 2023 were Switzerland ($238k), Hong Kong ($213k), and Thailand ($47.3k).

Latest Trends

Jan 2025

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 Base Metal Watches. 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 (2023)$328k
IMPORTS (2023)$4.67M
NET TRADE (2023)-$4.34M

In 2023, Mongolia exported $328k in Base Metal Watches. The main destinations of Mongolia exports on Base Metal Watches were Switzerland ($228k), Hong Kong ($90.6k), Bahrain ($5.37k), Germany ($2.91k), and Cambodia ($558).

In 2023, Mongolia imported $4.67M in Base Metal Watches, mainly from Switzerland ($4.19M), Hong Kong ($262k), Thailand ($67.8k), United States ($57.2k), and Germany ($54.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Base Metal Watches EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Switzerland$200k (716%)
Hong Kong$72.3k (395%)
Bahrain$5.37k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Base Metal Watches BY Mongolia WERE (2022 - 2023):
Norway-$10.6k (-100%)
South Korea-$1.41k (-100%)
Singapore-$1.01k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Base Metal Watches were:
In 2023, Mongolia's main importing competitors in Base Metal Watches were:

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Trade Value of Base Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $23.2k
TOP IMPORT POTENTIALChina+ $587k

Base Metal Watches’s highest export potential is Hong Kong. With an export gap of $23.2k.   Base Metal Watches’s highest import potential is China with an import gap of $587k.

See methodology.

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