2022
Exports
$17.9kWorld Rnk 166 / 199
Flag Rnk 74 / 92
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$70MWorld Rnk 75 / 225
Flag Rnk 27 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $17.9k in Cocoa & cocoa preparations, making it the 166th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 74th most exported product in Mongolia. The main destination of Cocoa & cocoa preparations exports from Mongolia are: South Korea ($15.3k), Switzerland ($2.01k), Indonesia ($203), Russia ($159), and Hungary ($61).

The fastest growing export markets for Cocoa & cocoa preparations of Mongolia between 2021 and 2022 were Indonesia ($203), Russia ($159), and Switzerland ($127).

Imports In 2022, Mongolia imported $70M in Cocoa & cocoa preparations, becoming the 75th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 27th most imported product in Mongolia. Mongolia imports Cocoa & cocoa preparations primarily from: Russia ($32.7M), Germany ($9.28M), Netherlands ($3.95M), Turkey ($3.67M), and Argentina ($2.98M).

The fastest growing import markets in Cocoa & cocoa preparations for Mongolia between 2021 and 2022 were Turkey ($2.11M), Kazakhstan ($2.01M), and Netherlands ($1.1M).

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 Cocoa & cocoa preparations. 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)$17.9k
IMPORTS (2022)$70M
NET TRADE (2022)-$70M

In 2022, Mongolia exported $17.9k in Cocoa & cocoa preparations. The main destinations of Mongolia exports on Cocoa & cocoa preparations were South Korea ($15.3k), Switzerland ($2.01k), Indonesia ($203), Russia ($159), and Hungary ($61).

In 2022, Mongolia imported $70M in Cocoa & cocoa preparations, mainly from Russia ($32.7M), Germany ($9.28M), Netherlands ($3.95M), Turkey ($3.67M), and Argentina ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Indonesia$203 (1%)
Russia$159 (1%)
Switzerland$127 (6.74%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Mongolia WERE (2021 - 2022):
South Korea-$63.5k (-80.6%)
France-$97 (-95.1%)
Thailand-$57 (-90.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Mongolia's main importing competitors in Cocoa & cocoa preparations were:

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $14.2k
TOP IMPORT POTENTIALChina+ $1.56M

Cocoa & cocoa preparations’s highest export potential is South Korea. With an export gap of $14.2k.   Cocoa & cocoa preparations’s highest import potential is China with an import gap of $1.56M.

See methodology.

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