2022
Exports
$3.5MWorld Rnk 70 / 208
Flag Rnk 37 / 652
2022
PRODUCT COMPLEXITY IN Other Engines
0.83Rnk 234 / 1025
2022
Imports
$9.04MWorld Rnk 93 / 223
Flag Rnk 148 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3.5M in Other Engines, making it the 70th largest exporter of Other Engines in the world. At the same year, Other Engines was the 37th most exported product in Mongolia. The main destination of Other Engines exports from Mongolia are: Russia ($1.77M), China ($636k), Singapore ($619k), Japan ($250k), and Togo ($90.5k).

The fastest growing export markets for Other Engines of Mongolia between 2021 and 2022 were Russia ($822k), Singapore ($308k), and Togo ($90.5k).

Imports In 2022, Mongolia imported $9.04M in Other Engines, becoming the 93rd largest importer of Other Engines in the world. At the same year, Other Engines was the 148th most imported product in Mongolia. Mongolia imports Other Engines primarily from: China ($1.72M), Sweden ($1.56M), Singapore ($923k), Thailand ($773k), and Japan ($558k).

The fastest growing import markets in Other Engines for Mongolia between 2021 and 2022 were Thailand ($744k), Netherlands ($272k), and Sweden ($237k).

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 Engines. 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)$3.5M
IMPORTS (2022)$9.04M
NET TRADE (2022)-$5.54M

In 2022, Mongolia exported $3.5M in Other Engines. The main destinations of Mongolia exports on Other Engines were Russia ($1.77M), China ($636k), Singapore ($619k), Japan ($250k), and Togo ($90.5k).

In 2022, Mongolia imported $9.04M in Other Engines, mainly from China ($1.72M), Sweden ($1.56M), Singapore ($923k), Thailand ($773k), and Japan ($558k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Engines EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$822k (86.5%)
Singapore$308k (99.1%)
Togo$90.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Engines BY Mongolia WERE (2021 - 2022):
Australia-$19.7k (-90.8%)
United Kingdom-$17.4k (-92.7%)
Germany-$1.97k (-47.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.13M
TOP IMPORT POTENTIALChina+ $1.86M

Other Engines’s highest export potential is China. With an export gap of $1.13M.   Other Engines’s highest import potential is China with an import gap of $1.86M.

See methodology.

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