2017
Exports
$6World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2017
Imports
$661kWorld Rnk 77 / 189
Flag Rnk 517 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $661k in Olive Oil, becoming the 77th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 517th most imported product in Mongolia. Mongolia imports Olive Oil primarily from: Italy ($367k), Malaysia ($137k), Russia ($103k), South Korea ($19.4k), and Spain ($16.7k).

The fastest growing import markets in Olive Oil for Mongolia between 2021 and 2022 were Malaysia ($137k), Russia ($103k), and South Korea ($19.4k).

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 Olive Oil. 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 (2017)$6
IMPORTS (2022)$661k
NET TRADE (2022)-$661k

In 2022, Mongolia imported $661k in Olive Oil, mainly from Italy ($367k), Malaysia ($137k), Russia ($103k), South Korea ($19.4k), and Spain ($16.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Mongolia's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $307
TOP IMPORT POTENTIALSpain+ $22.2k

Olive Oil’s highest export potential is China. With an export gap of $307.   Olive Oil’s highest import potential is Spain with an import gap of $22.2k.

See methodology.

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