2022
Exports
$115kWorld Rnk 124 / 218
Flag Rnk 177 / 652
2022
PRODUCT COMPLEXITY IN Other Hand Tools
1.51Rnk 50 / 1025
2022
Imports
$2.49MWorld Rnk 145 / 224
Flag Rnk 310 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $115k in Other Hand Tools, making it the 124th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 177th most exported product in Mongolia. The main destination of Other Hand Tools exports from Mongolia are: South Korea ($51.3k), Russia ($44k), Switzerland ($4.91k), Burkina Faso ($4.07k), and Malaysia ($3.2k).

The fastest growing export markets for Other Hand Tools of Mongolia between 2021 and 2022 were South Korea ($50.9k), Russia ($44k), and Burkina Faso ($4.07k).

Imports In 2022, Mongolia imported $2.49M in Other Hand Tools, becoming the 145th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 310th most imported product in Mongolia. Mongolia imports Other Hand Tools primarily from: China ($786k), Australia ($539k), South Korea ($219k), United States ($208k), and Russia ($158k).

The fastest growing import markets in Other Hand Tools for Mongolia between 2021 and 2022 were Australia ($259k), China ($252k), and United States ($175k).

Latest Trends

Jul 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 Hand Tools. 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)$115k
IMPORTS (2022)$2.49M
NET TRADE (2022)-$2.38M

In 2022, Mongolia exported $115k in Other Hand Tools. The main destinations of Mongolia exports on Other Hand Tools were South Korea ($51.3k), Russia ($44k), Switzerland ($4.91k), Burkina Faso ($4.07k), and Malaysia ($3.2k).

In 2022, Mongolia imported $2.49M in Other Hand Tools, mainly from China ($786k), Australia ($539k), South Korea ($219k), United States ($208k), and Russia ($158k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
South Korea$50.9k (11.2k%)
Russia$44k (1%)
Burkina Faso$4.07k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Mongolia WERE (2021 - 2022):
Uganda-$3.3k (-100%)
Germany-$1.12k (-100%)
New Zealand-$313 (-77.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $43.1k
TOP IMPORT POTENTIALChina+ $758k

Other Hand Tools’s highest export potential is Russia. With an export gap of $43.1k.   Other Hand Tools’s highest import potential is China with an import gap of $758k.

See methodology.

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