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2019
Exports $67World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2019
Imports $3.91MWorld Rnk 137 / 206
Flag Rnk 222 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia-1.32Rnk 123 / 132

About

Imports In 2023, Mongolia imported $3.91M in Palm Oil, becoming the 137th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 222nd most imported product in Mongolia. Mongolia imports Palm Oil primarily from: Malaysia ($2.17M) and China ($1.74M).

The fastest growing import markets in Palm Oil for Mongolia between 2022 and 2023 were China ($1.67M).

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 Palm Oil. 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 (2019)$67
IMPORTS (2023)$3.91M
NET TRADE (2023)-$3.91M

In 2023, Mongolia imported $3.91M in Palm Oil, mainly from Malaysia ($2.17M) and China ($1.74M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Mongolia's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $877
TOP IMPORT POTENTIALIndonesia+ $1.6M

Palm Oil’s highest export potential is China. With an export gap of $877.   Palm Oil’s highest import potential is Indonesia with an import gap of $1.6M.

See methodology.

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