2023
Exports
$6.28MWorld Rnk 165 / 226
Flag Rnk 11 / 20
2023
PRODUCT COMPLEXITY IN Chemical Products
2.31Rnk 1 / 1025
2023
Imports
$286MWorld Rnk 149 / 226
Flag Rnk 7 / 21
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $6.28M in Chemical Products, making it the 165th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 11th most exported product in Mongolia. The main destination of Chemical Products exports from Mongolia are: Brazil ($2.66M), Nigeria ($2.36M), China ($344k), Turkey ($224k), and Czechia ($174k).

The fastest growing export markets for Chemical Products of Mongolia between 2022 and 2023 were Nigeria ($2.28M), Brazil ($1.82M), and China ($343k).

Imports In 2023, Mongolia imported $286M in Chemical Products, becoming the 149th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 7th most imported product in Mongolia. Mongolia imports Chemical Products primarily from: China ($81.9M), Germany ($32.4M), Slovenia ($23.2M), Hungary ($16.7M), and Turkey ($14.2M).

The fastest growing import markets in Chemical Products for Mongolia between 2022 and 2023 were Switzerland ($7.33M), Hungary ($6.48M), and Turkey ($4.39M).

COMPANIES In 2024, leading companies such as Barry Callebaut (1) were at the forefront of shipping Chemical Products from Mongolia to the United States.

Latest Trends

Dec 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. 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)$6.28M
IMPORTS (2023)$286M
NET TRADE (2023)-$280M

In 2023, Mongolia exported $6.28M in Chemical Products. The main destinations of Mongolia exports on Chemical Products were Brazil ($2.66M), Nigeria ($2.36M), China ($344k), Turkey ($224k), and Czechia ($174k).

In 2023, Mongolia imported $286M in Chemical Products, mainly from China ($81.9M), Germany ($32.4M), Slovenia ($23.2M), Hungary ($16.7M), and Turkey ($14.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Nigeria$2.28M (2.71k%)
Brazil$1.82M (216%)
China$343k (56.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Mongolia WERE (2022 - 2023):
Estonia-$938k (-100%)
Poland-$393k (-99.9%)
Italy-$385k (-98.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Chemical Products were:
In 2023, Mongolia's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $308k
TOP IMPORT POTENTIALChina+ $60.7M

Chemical Products’s highest export potential is Russia. With an export gap of $308k.   Chemical Products’s highest import potential is China with an import gap of $60.7M.

See methodology.

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