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Exports In 2022, Mongolia exported N/A in Mineral Products, making it the 51st largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in Mongolia. The main destination of Mineral Products exports from Mongolia are: China ($9.95B), Singapore ($337M), South Korea ($160M), Russia ($53.5M), and Thailand ($32.6M).

The fastest growing export markets for Mineral Products of Mongolia between 2021 and 2022 were China ($2.87B), South Korea ($107M), and Singapore ($90.2M).

The fastest growing import markets in Mineral Products for Mongolia between 2021 and 2022 were Russia ($578M), Singapore ($5.37M), and Belarus ($3.09M).

Historical Data

Trade Balance

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In N/A, Mongolia exported N/A in Mineral Products. The main destinations of Mongolia exports on Mineral Products were China ($9.95B), Singapore ($337M), South Korea ($160M), Russia ($53.5M), and Thailand ($32.6M).

In N/A, Mongolia imported N/A in Mineral Products, mainly from Russia ($1.52B), China ($184M), South Korea ($24.8M), Singapore ($17.8M), and Lithuania ($5.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$2.87B (40.6%)
South Korea$107M (206%)
Singapore$90.2M (36.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Mongolia WERE (2021 - 2022):
Russia-$47.9M (-47.2%)
Thailand-$1.69M (-4.92%)
Belgium-$1.3M (-21.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Mongolia's main exporting competitors in Mineral Products were:
In 2022, Mongolia's main importing competitors in Mineral Products were:

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.21B
TOP IMPORT POTENTIALSouth Korea+ $24.6M

Mineral Products’s highest export potential is China. With an export gap of $1.21B.   Mineral Products’s highest import potential is South Korea with an import gap of $24.6M.

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