2023
Exports
$106kWorld Rnk 170 / 217
Flag Rnk 146 / 494
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$32.7MWorld Rnk 119 / 226
Flag Rnk 33 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $106k in Medical Instruments, making it the 170th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 146th most exported product in Mongolia. The main destination of Medical Instruments exports from Mongolia are: Germany ($49.2k), Switzerland ($16.1k), Italy ($16.1k), United States ($9.68k), and France ($9.09k).

The fastest growing export markets for Medical Instruments of Mongolia between 2022 and 2023 were Italy ($16.1k), France ($9.09k), and United Kingdom ($2.86k).

Imports In 2023, Mongolia imported $32.7M in Medical Instruments, becoming the 119th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 33rd most imported product in Mongolia. Mongolia imports Medical Instruments primarily from: China ($11.4M), Austria ($6.22M), Germany ($3.32M), Japan ($2.2M), and United States ($2.05M).

The fastest growing import markets in Medical Instruments for Mongolia between 2022 and 2023 were Austria ($5.61M), Netherlands ($1.2M), and Hong Kong ($1.1M).

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 Medical Instruments. 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)$106k
IMPORTS (2023)$32.7M
NET TRADE (2023)-$32.6M

In 2023, Mongolia exported $106k in Medical Instruments. The main destinations of Mongolia exports on Medical Instruments were Germany ($49.2k), Switzerland ($16.1k), Italy ($16.1k), United States ($9.68k), and France ($9.09k).

In 2023, Mongolia imported $32.7M in Medical Instruments, mainly from China ($11.4M), Austria ($6.22M), Germany ($3.32M), Japan ($2.2M), and United States ($2.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Italy$16.1k (1%)
France$9.09k (1%)
United Kingdom$2.86k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Mongolia WERE (2022 - 2023):
Germany-$131k (-72.7%)
United States-$100k (-91.2%)
South Korea-$38.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Medical Instruments were:
In 2023, Mongolia's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $261k
TOP IMPORT POTENTIALChina+ $9.64M

Medical Instruments’s highest export potential is Germany. With an export gap of $261k.   Medical Instruments’s highest import potential is China with an import gap of $9.64M.

See methodology.

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