2023
Exports
$28.2kWorld Rnk 176 / 218
Flag Rnk 68 / 86
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes
1.13Rnk 132 / 1025
2023
Imports
$9.88MWorld Rnk 166 / 226
Flag Rnk 53 / 96
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Exports In 2023, Mongolia exported $28.2k in Paints, dyes, & varnishes, making it the 176th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 68th most exported product in Mongolia. The main destination of Paints, dyes, & varnishes exports from Mongolia are: Switzerland ($26.5k), Netherlands ($735), Denmark ($689), Czechia ($186), and Sweden ($94).

The fastest growing export markets for Paints, dyes, & varnishes of Mongolia between 2022 and 2023 were Switzerland ($26.5k), Denmark ($689), and Netherlands ($594).

Imports In 2023, Mongolia imported $9.88M in Paints, dyes, & varnishes, becoming the 166th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 53rd most imported product in Mongolia. Mongolia imports Paints, dyes, & varnishes primarily from: China ($3.64M), Lithuania ($893k), Poland ($882k), Canada ($773k), and Finland ($571k).

The fastest growing import markets in Paints, dyes, & varnishes for Mongolia between 2022 and 2023 were Lithuania ($717k), Switzerland ($358k), and Canada ($211k).

Latest Trends

Dec 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 (2023)$28.2k
IMPORTS (2023)$9.88M
NET TRADE (2023)-$9.86M

In 2023, Mongolia exported $28.2k in Paints, dyes, & varnishes. The main destinations of Mongolia exports on Paints, dyes, & varnishes were Switzerland ($26.5k), Netherlands ($735), Denmark ($689), Czechia ($186), and Sweden ($94).

In 2023, Mongolia imported $9.88M in Paints, dyes, & varnishes, mainly from China ($3.64M), Lithuania ($893k), Poland ($882k), Canada ($773k), and Finland ($571k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Mongolia WERE (2022 - 2023):
Switzerland$26.5k (1%)
Denmark$689 (1%)
Netherlands$594 (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Mongolia WERE (2022 - 2023):
Russia-$59.3k (-100%)
South Korea-$23.1k (-100%)
Turkey-$13.6k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Paints, dyes, & varnishes were:
In 2023, 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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