2023
Exports
$15.4kWorld Rnk 145 / 197
Flag Rnk 267 / 494
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$1.98MWorld Rnk 132 / 224
Flag Rnk 320 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $15.4k in Electric Soldering Equipment, making it the 145th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 267th most exported product in Mongolia. The main destination of Electric Soldering Equipment exports from Mongolia are: Costa Rica ($6.34k), Austria ($5.05k), and United States ($4.06k).

The fastest growing export markets for Electric Soldering Equipment of Mongolia between 2022 and 2023 were Costa Rica ($6.34k), Austria ($5.05k), and United States ($4.06k).

Imports In 2023, Mongolia imported $1.98M in Electric Soldering Equipment, becoming the 132nd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 320th most imported product in Mongolia. Mongolia imports Electric Soldering Equipment primarily from: China ($1.04M), Australia ($193k), Japan ($190k), United States ($150k), and Switzerland ($105k).

The fastest growing import markets in Electric Soldering Equipment for Mongolia between 2022 and 2023 were Australia ($149k), China ($71k), and Poland ($46.5k).

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 Soldering Equipment. 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)$15.4k
IMPORTS (2023)$1.98M
NET TRADE (2023)-$1.96M

In 2023, Mongolia exported $15.4k in Electric Soldering Equipment. The main destinations of Mongolia exports on Electric Soldering Equipment were Costa Rica ($6.34k), Austria ($5.05k), and United States ($4.06k).

In 2023, Mongolia imported $1.98M in Electric Soldering Equipment, mainly from China ($1.04M), Australia ($193k), Japan ($190k), United States ($150k), and Switzerland ($105k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Costa Rica$6.34k (1%)
Austria$5.05k (1%)
United States$4.06k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Mongolia WERE (2022 - 2023):
Togo-$113 (-100%)
New Zealand-$30 (-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 Soldering Equipment were:
In 2023, Mongolia's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $734
TOP IMPORT POTENTIALChina+ $744k

Electric Soldering Equipment’s highest export potential is China. With an export gap of $734.   Electric Soldering Equipment’s highest import potential is China with an import gap of $744k.

See methodology.

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