2022
Exports
$358kWorld Rnk 137 / 224
Flag Rnk 109 / 652
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$50.3MWorld Rnk 100 / 225
Flag Rnk 28 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $358k in Medical Instruments, making it the 137th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 109th most exported product in Mongolia. The main destination of Medical Instruments exports from Mongolia are: Germany ($212k), South Korea ($38.9k), United States ($31.8k), Switzerland ($24.9k), and Singapore ($24.8k).

The fastest growing export markets for Medical Instruments of Mongolia between 2021 and 2022 were Germany ($135k), South Korea ($30.3k), and Switzerland ($24.9k).

Imports In 2022, Mongolia imported $50.3M in Medical Instruments, becoming the 100th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 28th most imported product in Mongolia. Mongolia imports Medical Instruments primarily from: China ($16.5M), South Korea ($5.89M), Japan ($5.45M), Austria ($4.21M), and Germany ($3.85M).

The fastest growing import markets in Medical Instruments for Mongolia between 2021 and 2022 were China ($5.09M), Austria ($3.56M), and Japan ($3.09M).

Latest Trends

Oct 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 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 (2022)$358k
IMPORTS (2022)$50.3M
NET TRADE (2022)-$50M

In 2022, Mongolia exported $358k in Medical Instruments. The main destinations of Mongolia exports on Medical Instruments were Germany ($212k), South Korea ($38.9k), United States ($31.8k), Switzerland ($24.9k), and Singapore ($24.8k).

In 2022, Mongolia imported $50.3M in Medical Instruments, mainly from China ($16.5M), South Korea ($5.89M), Japan ($5.45M), Austria ($4.21M), and Germany ($3.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Germany$135k (176%)
South Korea$30.3k (354%)
Switzerland$24.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Mongolia WERE (2021 - 2022):
China-$266k (-100%)
Belgium-$57.2k (-100%)
Australia-$49.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Medical Instruments were:
In 2022, 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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