2022
Exports
$2.06BWorld Rnk 50 / 220
Flag Rnk 2 / 21
2022
PRODUCT COMPLEXITY IN Precious Metals
0.58Rnk 328 / 1025
2022
Imports
$28.2MWorld Rnk 119 / 225
Flag Rnk 18 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.06B in Precious Metals, making it the 50th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 2nd most exported product in Mongolia. The main destination of Precious Metals exports from Mongolia are: Switzerland ($1.98B), South Korea ($76.3M), China ($4.29M), Czechia ($231k), and United States ($37.7k).

The fastest growing export markets for Precious Metals of Mongolia between 2021 and 2022 were Switzerland ($11.8M), China ($1.2M), and Czechia ($227k).

Imports In 2022, Mongolia imported $28.2M in Precious Metals, becoming the 119th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 18th most imported product in Mongolia. Mongolia imports Precious Metals primarily from: Turkey ($14.3M), South Korea ($6.73M), China ($1.34M), Switzerland ($1.05M), and Singapore ($1.02M).

The fastest growing import markets in Precious Metals for Mongolia between 2021 and 2022 were South Korea ($2.95M), China ($832k), and Turkey ($755k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Metals. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.06B
IMPORTS (2022)$28.2M
NET TRADE (2022)$2.03B

In 2022, Mongolia exported $2.06B in Precious Metals. The main destinations of Mongolia exports on Precious Metals were Switzerland ($1.98B), South Korea ($76.3M), China ($4.29M), Czechia ($231k), and United States ($37.7k).

In 2022, Mongolia imported $28.2M in Precious Metals, mainly from Turkey ($14.3M), South Korea ($6.73M), China ($1.34M), Switzerland ($1.05M), and Singapore ($1.02M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Switzerland$11.8M (0.6%)
China$1.2M (38.7%)
Czechia$227k (5.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Mongolia WERE (2021 - 2022):
South Korea-$76.1M (-50%)
Malaysia-$404k (-96.3%)
United Arab Emirates-$336k (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Mongolia's main exporting competitors in Precious Metals were:
In 2022, Mongolia's main importing competitors in Precious Metals were:

Explore Visualizations

Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $16.1M
TOP IMPORT POTENTIALChina+ $2.83M

Precious Metals’s highest export potential is South Korea. With an export gap of $16.1M.   Precious Metals’s highest import potential is China with an import gap of $2.83M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with