2014
Exports
$15World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2014
Imports
$28.9MWorld Rnk 79 / 210
Flag Rnk 52 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $28.9M in Hot-Rolled Iron Bars, becoming the 79th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 52nd most imported product in Mongolia. Mongolia imports Hot-Rolled Iron Bars primarily from: China ($15.5M), Russia ($13.4M), and Vietnam ($2.86k).

The fastest growing import markets in Hot-Rolled Iron Bars for Mongolia between 2021 and 2022 were China ($5.73M), Russia ($915k), and Vietnam ($2.86k).

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 Hot-Rolled Iron Bars. 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 (2014)$15
IMPORTS (2022)$28.9M
NET TRADE (2022)-$28.9M

In 2022, Mongolia imported $28.9M in Hot-Rolled Iron Bars, mainly from China ($15.5M), Russia ($13.4M), and Vietnam ($2.86k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Mongolia's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $534
TOP IMPORT POTENTIALChina+ $1.46M

Hot-Rolled Iron Bars’s highest export potential is China. With an export gap of $534.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $1.46M.

See methodology.

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