2023
Exports
$28MWorld Rnk 71 / 219
Flag Rnk 18 / 494
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$5.83MWorld Rnk 115 / 220
Flag Rnk 166 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $28M in Knit Sweaters, making it the 71st largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 18th most exported product in Mongolia. The main destination of Knit Sweaters exports from Mongolia are: Germany ($6.84M), France ($5.7M), United States ($4.1M), United Kingdom ($2.46M), and Switzerland ($1.65M).

The fastest growing export markets for Knit Sweaters of Mongolia between 2022 and 2023 were France ($5.16M), Germany ($2.54M), and Switzerland ($954k).

Imports In 2023, Mongolia imported $5.83M in Knit Sweaters, becoming the 115th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 166th most imported product in Mongolia. Mongolia imports Knit Sweaters primarily from: Italy ($2.15M), China ($1.7M), Germany ($532k), Turkey ($209k), and Spain ($190k).

The fastest growing import markets in Knit Sweaters for Mongolia between 2022 and 2023 were Italy ($1.82M), Germany ($390k), and China ($274k).

Latest Trends

Dec 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 Knit Sweaters. 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)$28M
IMPORTS (2023)$5.83M
NET TRADE (2023)$22.2M

In 2023, Mongolia exported $28M in Knit Sweaters. The main destinations of Mongolia exports on Knit Sweaters were Germany ($6.84M), France ($5.7M), United States ($4.1M), United Kingdom ($2.46M), and Switzerland ($1.65M).

In 2023, Mongolia imported $5.83M in Knit Sweaters, mainly from Italy ($2.15M), China ($1.7M), Germany ($532k), Turkey ($209k), and Spain ($190k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
France$5.16M (953%)
Germany$2.54M (59.3%)
Switzerland$954k (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Mongolia WERE (2022 - 2023):
United States-$2.03M (-33.1%)
Italy-$1.67M (-85.9%)
South Korea-$1.15M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Knit Sweaters were:
In 2023, Mongolia's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.59M
TOP IMPORT POTENTIALChina+ $3.1M

Knit Sweaters’s highest export potential is United States. With an export gap of $5.59M.   Knit Sweaters’s highest import potential is China with an import gap of $3.1M.

See methodology.

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