2022
Exports
$4.29MWorld Rnk 46 / 162
Flag Rnk 34 / 652
2022
PRODUCT COMPLEXITY IN Precious Stones
-1.14Rnk 866 / 1025
2022
Imports
$13.9kWorld Rnk 144 / 185
Flag Rnk 964 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $4.29M in Precious Stones, making it the 46th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 34th most exported product in Mongolia. The main destination of Precious Stones exports from Mongolia are: China ($4.28M), United Kingdom ($1.93k), and Japan ($1.77k).

The fastest growing export markets for Precious Stones of Mongolia between 2021 and 2022 were China ($1.2M), United Kingdom ($1.93k), and Japan ($1.77k).

Imports In 2022, Mongolia imported $13.9k in Precious Stones, becoming the 144th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 964th most imported product in Mongolia. Mongolia imports Precious Stones primarily from: Thailand ($4.89k), Chinese Taipei ($2.95k), Germany ($2.12k), United States ($1.36k), and Kyrgyzstan ($997).

The fastest growing import markets in Precious Stones for Mongolia between 2021 and 2022 were Thailand ($4.89k), Chinese Taipei ($2.95k), and Germany ($2.12k).

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 Stones. 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)$4.29M
IMPORTS (2022)$13.9k
NET TRADE (2022)$4.27M

In 2022, Mongolia exported $4.29M in Precious Stones. The main destinations of Mongolia exports on Precious Stones were China ($4.28M), United Kingdom ($1.93k), and Japan ($1.77k).

In 2022, Mongolia imported $13.9k in Precious Stones, mainly from Thailand ($4.89k), Chinese Taipei ($2.95k), Germany ($2.12k), United States ($1.36k), and Kyrgyzstan ($997).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$1.2M (38.8%)
United Kingdom$1.93k (1%)
Japan$1.77k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Mongolia WERE (2021 - 2022):Thailand-$870 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $4.75M
TOP IMPORT POTENTIALThailand+ $6.96k

Precious Stones’s highest export potential is China. With an export gap of $4.75M.   Precious Stones’s highest import potential is Thailand with an import gap of $6.96k.

See methodology.

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