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falsefalse China
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
ImportsfalseWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported N/A in Iron Ore, making it the 19th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 5th most exported product in Mongolia. The main destination of Iron Ore exports from Mongolia are: China ($389M) and Canada ($161).

Imports In 2021, Mongolia imported $158k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Mongolia. Mongolia imports Iron Ore primarily from: N/A.

Latest Trends

Sep 2024

Subnational Monthly Trade

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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 Iron Ore. 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
IMPORTS (2021)$158k

In N/A, Mongolia exported N/A in Iron Ore. The main destinations of Mongolia exports on Iron Ore were China ($389M) and Canada ($161).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Mongolia's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Mongolia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $380M
TOP IMPORT POTENTIALAustralia+ $601

Iron Ore’s highest export potential is China. With an export gap of $380M.   Iron Ore’s highest import potential is Australia with an import gap of $601.

See methodology.

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