2022
Exports
$480kWorld Rnk 165 / 222
Flag Rnk 42 / 92
2022
PRODUCT COMPLEXITY IN Chemical products n.e.s.
1.97Rnk 6 / 1025
2022
Imports
$59.4MWorld Rnk 126 / 226
Flag Rnk 31 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $480k in Chemical products n.e.s., making it the 165th largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 42nd most exported product in Mongolia. The main destination of Chemical products n.e.s. exports from Mongolia are: Italy ($267k), United Arab Emirates ($80.7k), United States ($67.1k), Japan ($39.9k), and South Korea ($20.4k).

The fastest growing export markets for Chemical products n.e.s. of Mongolia between 2021 and 2022 were Italy ($267k), United States ($53.2k), and United Arab Emirates ($30.7k).

Imports In 2022, Mongolia imported $59.4M in Chemical products n.e.s., becoming the 126th largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 31st most imported product in Mongolia. Mongolia imports Chemical products n.e.s. primarily from: China ($26.8M), Russia ($12.6M), United States ($3.07M), Australia ($2.95M), and South Korea ($1.81M).

The fastest growing import markets in Chemical products n.e.s. for Mongolia between 2021 and 2022 were China ($8.97M), Australia ($2.08M), and Mexico ($1.7M).

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 Chemical products n.e.s.. 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)$480k
IMPORTS (2022)$59.4M
NET TRADE (2022)-$58.9M

In 2022, Mongolia exported $480k in Chemical products n.e.s.. The main destinations of Mongolia exports on Chemical products n.e.s. were Italy ($267k), United Arab Emirates ($80.7k), United States ($67.1k), Japan ($39.9k), and South Korea ($20.4k).

In 2022, Mongolia imported $59.4M in Chemical products n.e.s., mainly from China ($26.8M), Russia ($12.6M), United States ($3.07M), Australia ($2.95M), and South Korea ($1.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Italy$267k (1%)
United States$53.2k (383%)
United Arab Emirates$30.7k (61.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY Mongolia WERE (2021 - 2022):
Singapore-$48.5k (-100%)
Indonesia-$28.8k (-100%)
Peru-$12.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Chemical products n.e.s. were:
In 2022, Mongolia's main importing competitors in Chemical products n.e.s. were:

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Trade Value of Chemical products n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $65.9k
TOP IMPORT POTENTIALChina+ $15.1M

Chemical products n.e.s.’s highest export potential is United States. With an export gap of $65.9k.   Chemical products n.e.s.’s highest import potential is China with an import gap of $15.1M.

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