2023
Exports
$115MWorld Rnk 69 / 217
Flag Rnk 7 / 86
2023
PRODUCT COMPLEXITY IN Copper articles
1.35Rnk 69 / 1025
2023
Imports
$2.91MWorld Rnk 148 / 225
Flag Rnk 69 / 96
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $115M in Copper articles, making it the 69th largest exporter of Copper articles in the world. At the same year, Copper articles was the 7th most exported product in Mongolia. The main destination of Copper articles exports from Mongolia are: China ($87.5M), Chinese Taipei ($27.2M), Japan ($770k), and Norway ($715).

The fastest growing export markets for Copper articles of Mongolia between 2022 and 2023 were Chinese Taipei ($27.2M), Japan ($770k), and Norway ($715).

Imports In 2023, Mongolia imported $2.91M in Copper articles, becoming the 148th largest importer of Copper articles in the world. At the same year, Copper articles was the 69th most imported product in Mongolia. Mongolia imports Copper articles primarily from: China ($1.36M), Italy ($515k), India ($420k), Hong Kong ($165k), and Australia ($116k).

The fastest growing import markets in Copper articles for Mongolia between 2022 and 2023 were India ($328k), Singapore ($68.9k), and Japan ($17.8k).

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 Copper articles. 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)$115M
IMPORTS (2023)$2.91M
NET TRADE (2023)$113M

In 2023, Mongolia exported $115M in Copper articles. The main destinations of Mongolia exports on Copper articles were China ($87.5M), Chinese Taipei ($27.2M), Japan ($770k), and Norway ($715).

In 2023, Mongolia imported $2.91M in Copper articles, mainly from China ($1.36M), Italy ($515k), India ($420k), Hong Kong ($165k), and Australia ($116k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Chinese Taipei$27.2M (1%)
Japan$770k (855k%)
Norway$715 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY Mongolia WERE (2022 - 2023):
China-$9.52M (-9.81%)
Russia-$7.49k (-100%)
Germany-$1.15k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Copper articles were:
In 2023, Mongolia's main importing competitors in Copper articles were:

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Trade Value of Copper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $97M
TOP IMPORT POTENTIALChina+ $1.31M

Copper articles’s highest export potential is China. With an export gap of $97M.   Copper articles’s highest import potential is China with an import gap of $1.31M.

See methodology.

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