2023
Exports
$94.7MWorld Rnk 133 / 226
Flag Rnk 7 / 20
2023
PRODUCT COMPLEXITY IN Foodstuffs
0.5Rnk 372 / 1025
2023
Imports
$324MWorld Rnk 142 / 226
Flag Rnk 4 / 21
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $94.7M in Foodstuffs, making it the 133rd largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 7th most exported product in Mongolia. The main destination of Foodstuffs exports from Mongolia are: China ($91.6M), Norway ($843k), Kazakhstan ($755k), Poland ($391k), and Japan ($367k).

The fastest growing export markets for Foodstuffs of Mongolia between 2022 and 2023 were China ($75.3M), Norway ($843k), and Kazakhstan ($755k).

Imports In 2023, Mongolia imported $324M in Foodstuffs, becoming the 142nd largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 4th most imported product in Mongolia. Mongolia imports Foodstuffs primarily from: China ($95.4M), Germany ($37.8M), Kazakhstan ($29.1M), Poland ($25.2M), and Netherlands ($18.7M).

The fastest growing import markets in Foodstuffs for Mongolia between 2022 and 2023 were Kazakhstan ($11.3M), Netherlands ($8.71M), and Singapore ($4.49M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Foodstuffs. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$94.7M
IMPORTS (2023)$324M
NET TRADE (2023)-$230M

In 2023, Mongolia exported $94.7M in Foodstuffs. The main destinations of Mongolia exports on Foodstuffs were China ($91.6M), Norway ($843k), Kazakhstan ($755k), Poland ($391k), and Japan ($367k).

In 2023, Mongolia imported $324M in Foodstuffs, mainly from China ($95.4M), Germany ($37.8M), Kazakhstan ($29.1M), Poland ($25.2M), and Netherlands ($18.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
China$75.3M (462%)
Norway$843k (1%)
Kazakhstan$755k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Mongolia WERE (2022 - 2023):
South Korea-$2.25M (-100%)
Russia-$2.08M (-100%)
Cambodia-$954k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Mongolia's main exporting competitors in Foodstuffs were:
In 2023, Mongolia's main importing competitors in Foodstuffs were:

Explore Visualizations

Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.78M
TOP IMPORT POTENTIALChina+ $27M

Foodstuffs’s highest export potential is Russia. With an export gap of $1.78M.   Foodstuffs’s highest import potential is China with an import gap of $27M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with