2022
Exports
$1.83MWorld Rnk 111 / 203
Flag Rnk 50 / 652
2022
PRODUCT COMPLEXITY IN Hard Liquor
-0.52Rnk 708 / 1025
2022
Imports
$41.4MWorld Rnk 81 / 224
Flag Rnk 35 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $1.83M in Hard Liquor, making it the 111th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 50th most exported product in Mongolia. The main destination of Hard Liquor exports from Mongolia are: Israel ($865k), Russia ($535k), Cyprus ($220k), South Korea ($133k), and United States ($61.7k).

The fastest growing export markets for Hard Liquor of Mongolia between 2021 and 2022 were Israel ($865k), Cyprus ($220k), and South Korea ($112k).

Imports In 2022, Mongolia imported $41.4M in Hard Liquor, becoming the 81st largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 35th most imported product in Mongolia. Mongolia imports Hard Liquor primarily from: Singapore ($5.32M), United States ($4.54M), United Kingdom ($3.85M), Hong Kong ($3.65M), and France ($3.54M).

The fastest growing import markets in Hard Liquor for Mongolia between 2021 and 2022 were United States ($2.99M), Hong Kong ($2.72M), and United Kingdom ($1.52M).

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 Hard Liquor. 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)$1.83M
IMPORTS (2022)$41.4M
NET TRADE (2022)-$39.6M

In 2022, Mongolia exported $1.83M in Hard Liquor. The main destinations of Mongolia exports on Hard Liquor were Israel ($865k), Russia ($535k), Cyprus ($220k), South Korea ($133k), and United States ($61.7k).

In 2022, Mongolia imported $41.4M in Hard Liquor, mainly from Singapore ($5.32M), United States ($4.54M), United Kingdom ($3.85M), Hong Kong ($3.65M), and France ($3.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Israel$865k (1%)
Cyprus$220k (1%)
South Korea$112k (552%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Mongolia WERE (2021 - 2022):
China-$1.2k (-61%)
Singapore-$443 (-77.2%)
Portugal-$59 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $405k
TOP IMPORT POTENTIALFrance+ $1.46M

Hard Liquor’s highest export potential is Russia. With an export gap of $405k.   Hard Liquor’s highest import potential is France with an import gap of $1.46M.

See methodology.

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