2023
Exports
$1.45MWorld Rnk 98 / 212
Flag Rnk 53 / 494
2023
PRODUCT COMPLEXITY IN Jewellery
-0.47Rnk 685 / 1025
2023
Imports
$22.6MWorld Rnk 94 / 216
Flag Rnk 54 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $1.45M in Jewellery, making it the 98th largest exporter of Jewellery in the world. At the same year, Jewellery was the 53rd most exported product in Mongolia. The main destination of Jewellery exports from Mongolia are: Hong Kong ($1.21M), Italy ($227k), Germany ($9.95k), Austria ($1.7k), and Thailand ($1.45k).

The fastest growing export markets for Jewellery of Mongolia between 2022 and 2023 were Hong Kong ($1.21M), Italy ($224k), and Germany ($9.95k).

Imports In 2023, Mongolia imported $22.6M in Jewellery, becoming the 94th largest importer of Jewellery in the world. At the same year, Jewellery was the 54th most imported product in Mongolia. Mongolia imports Jewellery primarily from: Turkey ($14.4M), Singapore ($2.61M), United Kingdom ($1.3M), Italy ($1.25M), and Thailand ($858k).

The fastest growing import markets in Jewellery for Mongolia between 2022 and 2023 were Turkey ($12.1M), Singapore ($1.6M), and United Kingdom ($1.27M).

Latest Trends

Jan 2025

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 Jewellery. 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 (2023)$1.45M
IMPORTS (2023)$22.6M
NET TRADE (2023)-$21.2M

In 2023, Mongolia exported $1.45M in Jewellery. The main destinations of Mongolia exports on Jewellery were Hong Kong ($1.21M), Italy ($227k), Germany ($9.95k), Austria ($1.7k), and Thailand ($1.45k).

In 2023, Mongolia imported $22.6M in Jewellery, mainly from Turkey ($14.4M), Singapore ($2.61M), United Kingdom ($1.3M), Italy ($1.25M), and Thailand ($858k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Hong Kong$1.21M (1%)
Italy$224k (8.27k%)
Germany$9.95k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY Mongolia WERE (2022 - 2023):
Ireland-$4.78k (-99.8%)
United Arab Emirates-$1.29k (-100%)
Singapore-$305 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Jewellery were:
India $13.1B
Italy $12.4B
China $11.6B
In 2023, Mongolia's main importing competitors in Jewellery were:

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Trade Value of Jewellery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $6.46k
TOP IMPORT POTENTIALChina+ $2.28M

Jewellery’s highest export potential is Italy. With an export gap of $6.46k.   Jewellery’s highest import potential is China with an import gap of $2.28M.

See methodology.

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