2022
Exports
$584kWorld Rnk 154 / 210
Flag Rnk 39 / 92
2022
PRODUCT COMPLEXITY IN Inorganic chemicals
1.72Rnk 21 / 1025
2022
Imports
$27.6MWorld Rnk 137 / 225
Flag Rnk 43 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $584k in Inorganic chemicals, making it the 154th largest exporter of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 39th most exported product in Mongolia. The main destination of Inorganic chemicals exports from Mongolia are: Brazil ($511k), Sudan ($37.5k), Russia ($14.4k), Serbia ($12.8k), and South Africa ($4.01k).

The fastest growing export markets for Inorganic chemicals of Mongolia between 2021 and 2022 were Brazil ($511k), Sudan ($37.5k), and Serbia ($12.8k).

Imports In 2022, Mongolia imported $27.6M in Inorganic chemicals, becoming the 137th largest importer of Inorganic chemicals in the world. At the same year, Inorganic chemicals was the 43rd most imported product in Mongolia. Mongolia imports Inorganic chemicals primarily from: China ($15.8M), Russia ($4.4M), Kazakhstan ($3.97M), South Korea ($1.61M), and Spain ($322k).

The fastest growing import markets in Inorganic chemicals for Mongolia between 2021 and 2022 were China ($8.15M), Kazakhstan ($3.9M), and South Korea ($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 Inorganic chemicals. 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)$584k
IMPORTS (2022)$27.6M
NET TRADE (2022)-$27.1M

In 2022, Mongolia exported $584k in Inorganic chemicals. The main destinations of Mongolia exports on Inorganic chemicals were Brazil ($511k), Sudan ($37.5k), Russia ($14.4k), Serbia ($12.8k), and South Africa ($4.01k).

In 2022, Mongolia imported $27.6M in Inorganic chemicals, mainly from China ($15.8M), Russia ($4.4M), Kazakhstan ($3.97M), South Korea ($1.61M), and Spain ($322k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic chemicals EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Brazil$511k (1%)
Sudan$37.5k (1%)
Serbia$12.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic chemicals BY Mongolia WERE (2021 - 2022):
United States-$46.3k (-93.5%)
China-$1.41k (-100%)
South Korea-$833 (-81.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Inorganic chemicals by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $30.5k
TOP IMPORT POTENTIALChina+ $2.45M

Inorganic chemicals’s highest export potential is Russia. With an export gap of $30.5k.   Inorganic chemicals’s highest import potential is China with an import gap of $2.45M.

See methodology.

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