2022
Exports
$1.35MWorld Rnk 72 / 186
Flag Rnk 68 / 652
2022
PRODUCT COMPLEXITY IN Combustion Engines
1.13Rnk 126 / 1025
2022
Imports
$8.23MWorld Rnk 109 / 220
Flag Rnk 164 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $1.35M in Combustion Engines, making it the 72nd largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 68th most exported product in Mongolia. The main destination of Combustion Engines exports from Mongolia are: Singapore ($920k), United States ($308k), Australia ($67.7k), Russia ($23.5k), and Sudan ($16k).

The fastest growing export markets for Combustion Engines of Mongolia between 2021 and 2022 were Sudan ($16k), France ($6.57k), and China ($3.02k).

Imports In 2022, Mongolia imported $8.23M in Combustion Engines, becoming the 109th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 164th most imported product in Mongolia. Mongolia imports Combustion Engines primarily from: China ($2.49M), United States ($1.41M), United Kingdom ($942k), Japan ($911k), and South Korea ($674k).

The fastest growing import markets in Combustion Engines for Mongolia between 2021 and 2022 were Japan ($372k), Sweden ($227k), and Australia ($160k).

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 Combustion Engines. 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)$1.35M
IMPORTS (2022)$8.23M
NET TRADE (2022)-$6.88M

In 2022, Mongolia exported $1.35M in Combustion Engines. The main destinations of Mongolia exports on Combustion Engines were Singapore ($920k), United States ($308k), Australia ($67.7k), Russia ($23.5k), and Sudan ($16k).

In 2022, Mongolia imported $8.23M in Combustion Engines, mainly from China ($2.49M), United States ($1.41M), United Kingdom ($942k), Japan ($911k), and South Korea ($674k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Sudan$16k (1%)
France$6.57k (1%)
China$3.02k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Mongolia WERE (2021 - 2022):
Singapore-$313k (-25.4%)
Russia-$265k (-91.9%)
United States-$51.3k (-14.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Combustion Engines were:
In 2022, Mongolia's main importing competitors in Combustion Engines were:

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $471k
TOP IMPORT POTENTIALChina+ $1.59M

Combustion Engines’s highest export potential is United States. With an export gap of $471k.   Combustion Engines’s highest import potential is China with an import gap of $1.59M.

See methodology.

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