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2022
Exports $120MWorld Rnk 23 / 109
Flag Rnk 8 / 652
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseChina
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $32.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $120M in Precious Metal Ore, making it the 23rd largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 8th most exported product in Mongolia. The main destination of Precious Metal Ore exports from Mongolia are: China ($106M), Finland ($8.48M), Russia ($6.47M), Canada ($2.21k), and Germany ($2.05k).

The fastest growing export markets for Precious Metal Ore of Mongolia between 2021 and 2022 were China ($26.4M), Finland ($8.48M), and Canada ($2.21k).

Imports In 2020, Mongolia imported $32.1k in Precious Metal Ore, becoming the 0th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 0th most imported product in Mongolia. Mongolia imports Precious Metal Ore primarily from: N/A.

Latest Trends

Oct 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 Precious Metal Ore. 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)$120M
IMPORTS (2020)$32.1k
NET TRADE (2022)$120M

In 2022, Mongolia exported $120M in Precious Metal Ore. The main destinations of Mongolia exports on Precious Metal Ore were China ($106M), Finland ($8.48M), Russia ($6.47M), Canada ($2.21k), and Germany ($2.05k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$26.4M (33.3%)
Finland$8.48M (1%)
Canada$2.21k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY Mongolia WERE (2021 - 2022):
Russia-$49.1M (-88.4%)
Hong Kong-$1.12M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, Mongolia's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B
South Korea $783M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $60.4M
TOP IMPORT POTENTIALRussia+ $429

Precious Metal Ore’s highest export potential is China. With an export gap of $60.4M.   Precious Metal Ore’s highest import potential is Russia with an import gap of $429.

See methodology.

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