2022
Exports
$164kWorld Rnk 173 / 226
Flag Rnk 53 / 92
2022
PRODUCT COMPLEXITY IN Perfumery & cosmetics
0.49Rnk 370 / 1025
2022
Imports
$88MWorld Rnk 118 / 225
Flag Rnk 20 / 96
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $164k in Perfumery & cosmetics, making it the 173rd largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 53rd most exported product in Mongolia. The main destination of Perfumery & cosmetics exports from Mongolia are: Russia ($94.4k), South Korea ($29.4k), Switzerland ($8k), Denmark ($6.48k), and United States ($5.95k).

The fastest growing export markets for Perfumery & cosmetics of Mongolia between 2021 and 2022 were Russia ($94.4k), Denmark ($6.33k), and South Korea ($5.95k).

Imports In 2022, Mongolia imported $88M in Perfumery & cosmetics, becoming the 118th largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 20th most imported product in Mongolia. Mongolia imports Perfumery & cosmetics primarily from: South Korea ($29.8M), Poland ($7.68M), Germany ($7.18M), Russia ($6.41M), and Japan ($5.32M).

The fastest growing import markets in Perfumery & cosmetics for Mongolia between 2021 and 2022 were South Korea ($13.1M), Germany ($2.33M), and Japan ($1.82M).

Latest Trends

Jul 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 Perfumery & cosmetics. 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)$164k
IMPORTS (2022)$88M
NET TRADE (2022)-$87.8M

In 2022, Mongolia exported $164k in Perfumery & cosmetics. The main destinations of Mongolia exports on Perfumery & cosmetics were Russia ($94.4k), South Korea ($29.4k), Switzerland ($8k), Denmark ($6.48k), and United States ($5.95k).

In 2022, Mongolia imported $88M in Perfumery & cosmetics, mainly from South Korea ($29.8M), Poland ($7.68M), Germany ($7.18M), Russia ($6.41M), and Japan ($5.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$94.4k (1%)
Denmark$6.33k (4.25k%)
South Korea$5.95k (25.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Mongolia WERE (2021 - 2022):
Malaysia-$3.47k (-100%)
United States-$3.47k (-36.8%)
Switzerland-$3.36k (-29.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Perfumery & cosmetics were:
In 2022, Mongolia's main importing competitors in Perfumery & cosmetics were:

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $119k
TOP IMPORT POTENTIALChina+ $4.8M

Perfumery & cosmetics’s highest export potential is Russia. With an export gap of $119k.   Perfumery & cosmetics’s highest import potential is China with an import gap of $4.8M.

See methodology.

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