2022
Exports
$11.4MWorld Rnk 132 / 226
Flag Rnk 10 / 21
2022
PRODUCT COMPLEXITY IN Plastics and Rubbers
1.72Rnk 19 / 1025
2022
Imports
$353MWorld Rnk 122 / 226
Flag Rnk 7 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $11.4M in Plastics and Rubbers, making it the 132nd largest exporter of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 10th most exported product in Mongolia. The main destination of Plastics and Rubbers exports from Mongolia are: Russia ($8.05M), Uzbekistan ($1.15M), Italy ($876k), China ($454k), and Czechia ($203k).

The fastest growing export markets for Plastics and Rubbers of Mongolia between 2021 and 2022 were Russia ($8.05M), Italy ($876k), and Uzbekistan ($814k).

Imports In 2022, Mongolia imported $353M in Plastics and Rubbers, becoming the 122nd largest importer of Plastics and Rubbers in the world. At the same year, Plastics and Rubbers was the 7th most imported product in Mongolia. Mongolia imports Plastics and Rubbers primarily from: China ($214M), Japan ($26.8M), Russia ($23.5M), South Korea ($20.7M), and United States ($10.5M).

The fastest growing import markets in Plastics and Rubbers for Mongolia between 2021 and 2022 were China ($82.3M), Japan ($6.25M), and South Korea ($4.41M).

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 Plastics and Rubbers. 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)$11.4M
IMPORTS (2022)$353M
NET TRADE (2022)-$341M

In 2022, Mongolia exported $11.4M in Plastics and Rubbers. The main destinations of Mongolia exports on Plastics and Rubbers were Russia ($8.05M), Uzbekistan ($1.15M), Italy ($876k), China ($454k), and Czechia ($203k).

In 2022, Mongolia imported $353M in Plastics and Rubbers, mainly from China ($214M), Japan ($26.8M), Russia ($23.5M), South Korea ($20.7M), and United States ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics and Rubbers EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$8.05M (319k%)
Italy$876k (1%)
Uzbekistan$814k (239%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics and Rubbers BY Mongolia WERE (2021 - 2022):
Brazil-$290k (-99.2%)
United States-$154k (-82.9%)
Austria-$63.2k (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Plastics and Rubbers were:
In 2022, Mongolia's main importing competitors in Plastics and Rubbers were:

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Trade Value of Plastics and Rubbers by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $1.85M
TOP IMPORT POTENTIALChina+ $83M

Plastics and Rubbers’s highest export potential is Russia. With an export gap of $1.85M.   Plastics and Rubbers’s highest import potential is China with an import gap of $83M.

See methodology.

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