2022
Exports
$62.9kWorld Rnk 115 / 153
Flag Rnk 218 / 652
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$1.32MWorld Rnk 132 / 214
Flag Rnk 397 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $62.9k in Other Vegetable Oils, making it the 115th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 218th most exported product in Mongolia. The main destination of Other Vegetable Oils exports from Mongolia are: Azerbaijan ($62.9k) and South Korea ($19).

The fastest growing export markets for Other Vegetable Oils of Mongolia between 2021 and 2022 were Azerbaijan ($62.9k).

Imports In 2022, Mongolia imported $1.32M in Other Vegetable Oils, becoming the 132nd largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 397th most imported product in Mongolia. Mongolia imports Other Vegetable Oils primarily from: Malaysia ($863k), China ($231k), Russia ($211k), South Korea ($11.6k), and Germany ($1.88k).

The fastest growing import markets in Other Vegetable Oils for Mongolia between 2021 and 2022 were Russia ($85.4k), Germany ($1.88k), and Turkey ($539).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Vegetable Oils. 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)$62.9k
IMPORTS (2022)$1.32M
NET TRADE (2022)-$1.26M

In 2022, Mongolia exported $62.9k in Other Vegetable Oils. The main destinations of Mongolia exports on Other Vegetable Oils were Azerbaijan ($62.9k) and South Korea ($19).

In 2022, Mongolia imported $1.32M in Other Vegetable Oils, mainly from Malaysia ($863k), China ($231k), Russia ($211k), South Korea ($11.6k), and Germany ($1.88k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Azerbaijan$62.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Mongolia WERE (2021 - 2022):South Korea-$14 (-42.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.83k
TOP IMPORT POTENTIALChina+ $149k

Other Vegetable Oils’s highest export potential is China. With an export gap of $1.83k.   Other Vegetable Oils’s highest import potential is China with an import gap of $149k.

See methodology.

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