2022
Exports
$100kWorld Rnk 155 / 217
Flag Rnk 58 / 92
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.08Rnk 144 / 1025
2022
Imports
$31.2MWorld Rnk 136 / 225
Flag Rnk 40 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $100k in Paints, dyes, & varnishes, making it the 155th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 58th most exported product in Mongolia. The main destination of Paints, dyes, & varnishes exports from Mongolia are: Russia ($59.3k), South Korea ($23.1k), Turkey ($13.6k), Rwanda ($3.27k), and Sudan ($583).

The fastest growing export markets for Paints, dyes, & varnishes of Mongolia between 2021 and 2022 were Russia ($59.3k), South Korea ($22.9k), and Turkey ($13.6k).

Imports In 2022, Mongolia imported $31.2M in Paints, dyes, & varnishes, becoming the 136th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 40th most imported product in Mongolia. Mongolia imports Paints, dyes, & varnishes primarily from: South Korea ($11.1M), Russia ($6.9M), China ($4.27M), Poland ($1.21M), and Lithuania ($1.04M).

The fastest growing import markets in Paints, dyes, & varnishes for Mongolia between 2021 and 2022 were South Korea ($3.49M), Russia ($1.17M), and Australia ($543k).

Latest Trends

Nov 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 Paints, dyes, & varnishes. 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)$100k
IMPORTS (2022)$31.2M
NET TRADE (2022)-$31.1M

In 2022, Mongolia exported $100k in Paints, dyes, & varnishes. The main destinations of Mongolia exports on Paints, dyes, & varnishes were Russia ($59.3k), South Korea ($23.1k), Turkey ($13.6k), Rwanda ($3.27k), and Sudan ($583).

In 2022, Mongolia imported $31.2M in Paints, dyes, & varnishes, mainly from South Korea ($11.1M), Russia ($6.9M), China ($4.27M), Poland ($1.21M), and Lithuania ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$59.3k (1%)
South Korea$22.9k (10.3k%)
Turkey$13.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Mongolia WERE (2021 - 2022):
Switzerland-$1.48k (-100%)
New Zealand-$332 (-100%)
Japan-$10 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Paints, dyes, & varnishes were:
In 2022, Mongolia's main importing competitors in Paints, dyes, & varnishes were:

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $68k
TOP IMPORT POTENTIALChina+ $3.45M

Paints, dyes, & varnishes’s highest export potential is Russia. With an export gap of $68k.   Paints, dyes, & varnishes’s highest import potential is China with an import gap of $3.45M.

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