2022
Exports
$146kWorld Rnk 132 / 216
Flag Rnk 161 / 652
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$7.76MWorld Rnk 131 / 224
Flag Rnk 170 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $146k in Other Electrical Machinery, making it the 132nd largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 161st most exported product in Mongolia. The main destination of Other Electrical Machinery exports from Mongolia are: Japan ($74.5k), Russia ($68.5k), Germany ($1.07k), South Korea ($849), and Finland ($528).

The fastest growing export markets for Other Electrical Machinery of Mongolia between 2021 and 2022 were Japan ($74.5k), Russia ($68.5k), and South Korea ($324).

Imports In 2022, Mongolia imported $7.76M in Other Electrical Machinery, becoming the 131st largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 170th most imported product in Mongolia. Mongolia imports Other Electrical Machinery primarily from: China ($4.83M), United States ($754k), Sweden ($475k), South Korea ($398k), and Germany ($295k).

The fastest growing import markets in Other Electrical Machinery for Mongolia between 2021 and 2022 were Sweden ($441k), United States ($261k), and South Korea ($199k).

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 Other Electrical Machinery. 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)$146k
IMPORTS (2022)$7.76M
NET TRADE (2022)-$7.61M

In 2022, Mongolia exported $146k in Other Electrical Machinery. The main destinations of Mongolia exports on Other Electrical Machinery were Japan ($74.5k), Russia ($68.5k), Germany ($1.07k), South Korea ($849), and Finland ($528).

In 2022, Mongolia imported $7.76M in Other Electrical Machinery, mainly from China ($4.83M), United States ($754k), Sweden ($475k), South Korea ($398k), and Germany ($295k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Japan$74.5k (1%)
Russia$68.5k (1%)
South Korea$324 (61.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Mongolia WERE (2021 - 2022):
Italy-$39.3k (-100%)
United States-$35.1k (-100%)
Lithuania-$11k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Other Electrical Machinery were:
In 2022, Mongolia's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $98.8k
TOP IMPORT POTENTIALChina+ $3.99M

Other Electrical Machinery’s highest export potential is Japan. With an export gap of $98.8k.   Other Electrical Machinery’s highest import potential is China with an import gap of $3.99M.

See methodology.

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