2022
Exports
$4.26kWorld Rnk 159 / 192
Flag Rnk 404 / 652
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$11.5MWorld Rnk 80 / 223
Flag Rnk 122 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $4.26k in Packing Bags, making it the 159th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 404th most exported product in Mongolia. The main destination of Packing Bags exports from Mongolia are: Japan ($2.79k), France ($855), South Korea ($428), Germany ($171), and Canada ($15).

The fastest growing export markets for Packing Bags of Mongolia between 2021 and 2022 were Japan ($2.73k), South Korea ($428), and Canada ($15).

Imports In 2022, Mongolia imported $11.5M in Packing Bags, becoming the 80th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 122nd most imported product in Mongolia. Mongolia imports Packing Bags primarily from: China ($11.3M), Russia ($66k), Australia ($23.6k), Italy ($10.1k), and India ($5.54k).

The fastest growing import markets in Packing Bags for Mongolia between 2021 and 2022 were China ($3.11M), Russia ($43.2k), and Australia ($23.6k).

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 Packing Bags. 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)$4.26k
IMPORTS (2022)$11.5M
NET TRADE (2022)-$11.5M

In 2022, Mongolia exported $4.26k in Packing Bags. The main destinations of Mongolia exports on Packing Bags were Japan ($2.79k), France ($855), South Korea ($428), Germany ($171), and Canada ($15).

In 2022, Mongolia imported $11.5M in Packing Bags, mainly from China ($11.3M), Russia ($66k), Australia ($23.6k), Italy ($10.1k), and India ($5.54k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Japan$2.73k (4.88k%)
South Korea$428 (1%)
Canada$15 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Mongolia WERE (2021 - 2022):
Norway-$11.5k (-100%)
Switzerland-$360 (-100%)
France-$244 (-22.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Mongolia's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $5.32k
TOP IMPORT POTENTIALChina+ $355k

Packing Bags’s highest export potential is Japan. With an export gap of $5.32k.   Packing Bags’s highest import potential is China with an import gap of $355k.

See methodology.

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