2022
Exports
$508kWorld Rnk 124 / 192
Flag Rnk 96 / 652
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$1.81MWorld Rnk 139 / 207
Flag Rnk 365 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $508k in Gas Turbines, making it the 124th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 96th most exported product in Mongolia. The main destination of Gas Turbines exports from Mongolia are: Thailand ($300k), Denmark ($191k), United States ($6.17k), Russia ($5.29k), and United Kingdom ($3.52k).

The fastest growing export markets for Gas Turbines of Mongolia between 2021 and 2022 were Thailand ($300k), Denmark ($191k), and United States ($6.17k).

Imports In 2022, Mongolia imported $1.81M in Gas Turbines, becoming the 139th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 365th most imported product in Mongolia. Mongolia imports Gas Turbines primarily from: France ($933k), Canada ($349k), United States ($304k), Singapore ($102k), and Germany ($41.1k).

The fastest growing import markets in Gas Turbines for Mongolia between 2021 and 2022 were France ($925k), Canada ($349k), and Singapore ($102k).

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 Gas Turbines. 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)$508k
IMPORTS (2022)$1.81M
NET TRADE (2022)-$1.3M

In 2022, Mongolia exported $508k in Gas Turbines. The main destinations of Mongolia exports on Gas Turbines were Thailand ($300k), Denmark ($191k), United States ($6.17k), Russia ($5.29k), and United Kingdom ($3.52k).

In 2022, Mongolia imported $1.81M in Gas Turbines, mainly from France ($933k), Canada ($349k), United States ($304k), Singapore ($102k), and Germany ($41.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Thailand$300k (1%)
Denmark$191k (1%)
United States$6.17k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Mongolia WERE (2021 - 2022):United Kingdom-$49.3k (-93.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Gas Turbines were:
In 2022, Mongolia's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $121k
TOP IMPORT POTENTIALFrance+ $543k

Gas Turbines’s highest export potential is Thailand. With an export gap of $121k.   Gas Turbines’s highest import potential is France with an import gap of $543k.

See methodology.

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