2022
Exports
$2.05BWorld Rnk 36 / 176
Flag Rnk 3 / 652
2022
PRODUCT COMPLEXITY IN Gold
-2.43Rnk 1016 / 1025
2022
Imports
$9.04kWorld Rnk 167 / 178
Flag Rnk 986 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.05B in Gold, making it the 36th largest exporter of Gold in the world. At the same year, Gold was the 3rd most exported product in Mongolia. The main destination of Gold exports from Mongolia are: Switzerland ($1.98B), South Korea ($76.2M), and Czechia ($229k).

The fastest growing export markets for Gold of Mongolia between 2021 and 2022 were Switzerland ($21M) and Czechia ($229k).

Imports In 2022, Mongolia imported $9.04k in Gold, becoming the 167th largest importer of Gold in the world. At the same year, Gold was the 986th most imported product in Mongolia. Mongolia imports Gold primarily from: Germany ($7.9k) and South Korea ($1.14k).

The fastest growing import markets in Gold for Mongolia between 2021 and 2022 were South Korea ($600).

Latest Trends

Aug 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 Gold. 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)$2.05B
IMPORTS (2022)$9.04k
NET TRADE (2022)$2.05B

In 2022, Mongolia exported $2.05B in Gold. The main destinations of Mongolia exports on Gold were Switzerland ($1.98B), South Korea ($76.2M), and Czechia ($229k).

In 2022, Mongolia imported $9.04k in Gold, mainly from Germany ($7.9k) and South Korea ($1.14k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Switzerland$21M (1.07%)
Czechia$229k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Mongolia WERE (2021 - 2022):
South Korea-$76.1M (-50%)
United Arab Emirates-$87.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $16.1M
TOP IMPORT POTENTIALGermany+ $11.2k

Gold’s highest export potential is South Korea. With an export gap of $16.1M.   Gold’s highest import potential is Germany with an import gap of $11.2k.

See methodology.

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