2022
Exports
$2.29MWorld Rnk 66 / 144
Flag Rnk 45 / 652
falsefalse Switzerland
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$1.74MWorld Rnk 76 / 182
Flag Rnk 369 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.29M in Silver, making it the 66th largest exporter of Silver in the world. At the same year, Silver was the 45th most exported product in Mongolia. The main destination of Silver exports from Mongolia are: Switzerland ($2.29M).

Imports In 2022, Mongolia imported $1.74M in Silver, becoming the 76th largest importer of Silver in the world. At the same year, Silver was the 369th most imported product in Mongolia. Mongolia imports Silver primarily from: Switzerland ($1.04M), Turkey ($689k), South Korea ($6.32k), China ($4.83k), and Italy ($1.33k).

The fastest growing import markets in Silver for Mongolia between 2021 and 2022 were Turkey ($346k), Switzerland ($35.4k), and South Korea ($6.32k).

Latest Trends

Aug 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 Silver. 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)$2.29M
IMPORTS (2022)$1.74M
NET TRADE (2022)$550k

In 2022, Mongolia exported $2.29M in Silver. The main destinations of Mongolia exports on Silver were Switzerland ($2.29M).

In 2022, Mongolia imported $1.74M in Silver, mainly from Switzerland ($1.04M), Turkey ($689k), South Korea ($6.32k), China ($4.83k), and Italy ($1.33k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Mongolia WERE (2021 - 2022):Switzerland-$9.14M (-80%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $97k
TOP IMPORT POTENTIALChina+ $37.4k

Silver’s highest export potential is Switzerland. With an export gap of $97k.   Silver’s highest import potential is China with an import gap of $37.4k.

See methodology.

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