2022
Exports
$13.8MWorld Rnk 12 / 102
Flag Rnk 21 / 652
2022
PRODUCT COMPLEXITY IN Prepared Wool or Animal Hair
-0.87Rnk 793 / 1025
2022
Imports
$24.7kWorld Rnk 92 / 147
Flag Rnk 919 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $13.8M in Prepared Wool or Animal Hair, making it the 12th largest exporter of Prepared Wool or Animal Hair in the world. At the same year, Prepared Wool or Animal Hair was the 21st most exported product in Mongolia. The main destination of Prepared Wool or Animal Hair exports from Mongolia are: United Kingdom ($7.13M), South Korea ($3.48M), Germany ($1.09M), China ($727k), and India ($533k).

The fastest growing export markets for Prepared Wool or Animal Hair of Mongolia between 2021 and 2022 were United Kingdom ($1.77M), South Korea ($1.64M), and India ($365k).

Imports In 2022, Mongolia imported $24.7k in Prepared Wool or Animal Hair, becoming the 92nd largest importer of Prepared Wool or Animal Hair in the world. At the same year, Prepared Wool or Animal Hair was the 919th most imported product in Mongolia. Mongolia imports Prepared Wool or Animal Hair primarily from: China ($14k), Italy ($9.95k), and Czechia ($808).

The fastest growing import markets in Prepared Wool or Animal Hair for Mongolia between 2021 and 2022 were Italy ($9.95k) and Czechia ($517).

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 Prepared Wool or Animal Hair. 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)$13.8M
IMPORTS (2022)$24.7k
NET TRADE (2022)$13.7M

In 2022, Mongolia exported $13.8M in Prepared Wool or Animal Hair. The main destinations of Mongolia exports on Prepared Wool or Animal Hair were United Kingdom ($7.13M), South Korea ($3.48M), Germany ($1.09M), China ($727k), and India ($533k).

In 2022, Mongolia imported $24.7k in Prepared Wool or Animal Hair, mainly from China ($14k), Italy ($9.95k), and Czechia ($808).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Wool or Animal Hair EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United Kingdom$1.77M (33.1%)
South Korea$1.64M (89.6%)
India$365k (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Wool or Animal Hair BY Mongolia WERE (2021 - 2022):
Italy-$19.5M (-98.5%)
China-$923k (-55.9%)
Germany-$658k (-37.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Prepared Wool or Animal Hair were:
In 2022, Mongolia's main importing competitors in Prepared Wool or Animal Hair were:

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Trade Value of Prepared Wool or Animal Hair by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $674k
TOP IMPORT POTENTIALChina+ $22k

Prepared Wool or Animal Hair’s highest export potential is China. With an export gap of $674k.   Prepared Wool or Animal Hair’s highest import potential is China with an import gap of $22k.

See methodology.

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