2022
Exports
$88.5MWorld Rnk 46 / 140
Flag Rnk 12 / 652
falsefalse China
2022
PRODUCT COMPLEXITY IN Refined Copper
-1.43Rnk 938 / 1025
2022
Imports
$3.8MWorld Rnk 74 / 184
Flag Rnk 266 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $88.5M in Refined Copper, making it the 46th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 12th most exported product in Mongolia. The main destination of Refined Copper exports from Mongolia are: China ($88.5M).

Imports In 2022, Mongolia imported $3.8M in Refined Copper, becoming the 74th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 266th most imported product in Mongolia. Mongolia imports Refined Copper primarily from: Australia ($3.8M), South Korea ($2.17k), United States ($1.71k), and Turkey ($600).

The fastest growing import markets in Refined Copper for Mongolia between 2021 and 2022 were Australia ($3.8M), South Korea ($1.8k), and United States ($1.71k).

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 Refined Copper. 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)$88.5M
IMPORTS (2022)$3.8M
NET TRADE (2022)$84.7M

In 2022, Mongolia exported $88.5M in Refined Copper. The main destinations of Mongolia exports on Refined Copper were China ($88.5M).

In 2022, Mongolia imported $3.8M in Refined Copper, mainly from Australia ($3.8M), South Korea ($2.17k), United States ($1.71k), and Turkey ($600).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Mongolia WERE (2021 - 2022):
Chinese Taipei-$14.5M (-100%)
China-$6.73M (-7.07%)
Thailand-$3.82M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Refined Copper were:
In 2022, Mongolia's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $92.7M
TOP IMPORT POTENTIALSouth Korea+ $15.7k

Refined Copper’s highest export potential is China. With an export gap of $92.7M.   Refined Copper’s highest import potential is South Korea with an import gap of $15.7k.

See methodology.

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