2022
Exports
$243MWorld Rnk 64 / 149
Flag Rnk 7 / 652
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$10World Rnk 157 / 158
Flag Rnk 1104 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $243M in Crude Petroleum, making it the 64th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most exported product in Mongolia. The main destination of Crude Petroleum exports from Mongolia are: China ($243M), France ($1.72k), and Singapore ($2).

The fastest growing export markets for Crude Petroleum of Mongolia between 2021 and 2022 were France ($1.72k) and Singapore ($2).

Imports In 2022, Mongolia imported $10 in Crude Petroleum, becoming the 157th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1104th most imported product in Mongolia. Mongolia imports Crude Petroleum primarily from: South Korea ($10).

The fastest growing import markets in Crude Petroleum for Mongolia between 2021 and 2022 were South Korea ($10).

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 Crude Petroleum. 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)$243M
IMPORTS (2022)$10
NET TRADE (2022)$243M

In 2022, Mongolia exported $243M in Crude Petroleum. The main destinations of Mongolia exports on Crude Petroleum were China ($243M), France ($1.72k), and Singapore ($2).

In 2022, Mongolia imported $10 in Crude Petroleum, mainly from South Korea ($10).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
France$1.72k (1%)
Singapore$2 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Mongolia WERE (2021 - 2022):China-$31.1M (-11.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Crude Petroleum were:
In 2022, Mongolia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $285M
TOP IMPORT POTENTIALRussia+ $1.02k

Crude Petroleum’s highest export potential is China. With an export gap of $285M.   Crude Petroleum’s highest import potential is Russia with an import gap of $1.02k.

See methodology.

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