2022
Exports
$3.09MWorld Rnk 51 / 159
Flag Rnk 38 / 652
falsefalse Japan
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$1.18MWorld Rnk 125 / 209
Flag Rnk 414 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3.09M in Electric Furnaces, making it the 51st largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 38th most exported product in Mongolia. The main destination of Electric Furnaces exports from Mongolia are: Japan ($3.09M).

Imports In 2022, Mongolia imported $1.18M in Electric Furnaces, becoming the 125th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 414th most imported product in Mongolia. Mongolia imports Electric Furnaces primarily from: China ($671k), Italy ($273k), Germany ($45.9k), Russia ($40.1k), and Australia ($27.1k).

The fastest growing import markets in Electric Furnaces for Mongolia between 2021 and 2022 were Italy ($99.2k), China ($49.3k), and Germany ($15k).

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 Electric Furnaces. 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)$3.09M
IMPORTS (2022)$1.18M
NET TRADE (2022)$1.91M

In 2022, Mongolia exported $3.09M in Electric Furnaces. The main destinations of Mongolia exports on Electric Furnaces were Japan ($3.09M).

In 2022, Mongolia imported $1.18M in Electric Furnaces, mainly from China ($671k), Italy ($273k), Germany ($45.9k), Russia ($40.1k), and Australia ($27.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Mongolia WERE (2021 - 2022):
Japan-$113k (-3.53%)
United Arab Emirates-$3.65k (-100%)
China-$300 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Mongolia's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.24k
TOP IMPORT POTENTIALChina+ $453k

Electric Furnaces’s highest export potential is China. With an export gap of $3.24k.   Electric Furnaces’s highest import potential is China with an import gap of $453k.

See methodology.

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