2023
Exports
$805World Rnk 203 / 216
Flag Rnk 406 / 494
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$28.5MWorld Rnk 101 / 225
Flag Rnk 41 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $805 in Electric Heaters, making it the 203rd largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 406th most exported product in Mongolia. The main destination of Electric Heaters exports from Mongolia are: Nigeria ($591), France ($191), and Ireland ($23).

The fastest growing export markets for Electric Heaters of Mongolia between 2022 and 2023 were Nigeria ($591), France ($191), and Ireland ($23).

Imports In 2023, Mongolia imported $28.5M in Electric Heaters, becoming the 101st largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 41st most imported product in Mongolia. Mongolia imports Electric Heaters primarily from: China ($12.3M), Turkey ($5.1M), Poland ($2.75M), Italy ($1.92M), and Germany ($1.7M).

The fastest growing import markets in Electric Heaters for Mongolia between 2022 and 2023 were Italy ($1.1M), Poland ($915k), and Germany ($892k).

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 Electric Heaters. 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)$805
IMPORTS (2023)$28.5M
NET TRADE (2023)-$28.5M

In 2023, Mongolia exported $805 in Electric Heaters. The main destinations of Mongolia exports on Electric Heaters were Nigeria ($591), France ($191), and Ireland ($23).

In 2023, Mongolia imported $28.5M in Electric Heaters, mainly from China ($12.3M), Turkey ($5.1M), Poland ($2.75M), Italy ($1.92M), and Germany ($1.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Nigeria$591 (1%)
France$191 (1%)
Ireland$23 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Mongolia WERE (2022 - 2023):
China-$30.2k (-100%)
Sudan-$3.25k (-100%)
Austria-$1.95k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Mongolia's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $62.3k
TOP IMPORT POTENTIALChina+ $11.8M

Electric Heaters’s highest export potential is China. With an export gap of $62.3k.   Electric Heaters’s highest import potential is China with an import gap of $11.8M.

See methodology.

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