2022
Exports
$3.37MWorld Rnk 117 / 225
Flag Rnk 22 / 92
2022
PRODUCT COMPLEXITY IN Furniture, bedding, lamps, & prefab buildings
0.86Rnk 222 / 1025
2022
Imports
$100MWorld Rnk 118 / 225
Flag Rnk 18 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3.37M in Furniture, bedding, lamps, & prefab buildings, making it the 117th largest exporter of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 22nd most exported product in Mongolia. The main destination of Furniture, bedding, lamps, & prefab buildings exports from Mongolia are: Canada ($466k), France ($415k), Belgium ($309k), Poland ($301k), and Russia ($272k).

The fastest growing export markets for Furniture, bedding, lamps, & prefab buildings of Mongolia between 2021 and 2022 were Poland ($275k), United States ($140k), and Australia ($136k).

Imports In 2022, Mongolia imported $100M in Furniture, bedding, lamps, & prefab buildings, becoming the 118th largest importer of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 18th most imported product in Mongolia. Mongolia imports Furniture, bedding, lamps, & prefab buildings primarily from: China ($55.9M), Russia ($6.85M), Turkey ($6.6M), Italy ($5.48M), and South Korea ($4.34M).

The fastest growing import markets in Furniture, bedding, lamps, & prefab buildings for Mongolia between 2021 and 2022 were China ($25.1M), Turkey ($2.52M), and Italy ($1.85M).

Latest Trends

Jul 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 Furniture, bedding, lamps, & prefab buildings. 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)$3.37M
IMPORTS (2022)$100M
NET TRADE (2022)-$96.8M

In 2022, Mongolia exported $3.37M in Furniture, bedding, lamps, & prefab buildings. The main destinations of Mongolia exports on Furniture, bedding, lamps, & prefab buildings were Canada ($466k), France ($415k), Belgium ($309k), Poland ($301k), and Russia ($272k).

In 2022, Mongolia imported $100M in Furniture, bedding, lamps, & prefab buildings, mainly from China ($55.9M), Russia ($6.85M), Turkey ($6.6M), Italy ($5.48M), and South Korea ($4.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Furniture, bedding, lamps, & prefab buildings EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Poland$275k (1.06k%)
United States$140k (123%)
Australia$136k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Furniture, bedding, lamps, & prefab buildings BY Mongolia WERE (2021 - 2022):
United Kingdom-$90.5k (-34.8%)
Italy-$83.9k (-70.9%)
Germany-$76.5k (-41.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Furniture, bedding, lamps, & prefab buildings were:
China $124B
Germany $17.6B
Poland $16.5B
In 2022, Mongolia's main importing competitors in Furniture, bedding, lamps, & prefab buildings were:

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Trade Value of Furniture, bedding, lamps, & prefab buildings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $475k
TOP IMPORT POTENTIALChina+ $38.9M

Furniture, bedding, lamps, & prefab buildings’s highest export potential is United States. With an export gap of $475k.   Furniture, bedding, lamps, & prefab buildings’s highest import potential is China with an import gap of $38.9M.

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