2017
Exports
$30World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2017
Imports
$147kWorld Rnk 173 / 212
Flag Rnk 629 / 1005
2023
ECONOMIC COMPLEXITY of Mongolia
-1.32Rnk 123 / 132

About

Imports In 2023, Mongolia imported $147k in Soybean Oil, becoming the 173rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 629th most imported product in Mongolia. Mongolia imports Soybean Oil primarily from: Malaysia ($111k), China ($35k), and Italy ($1.28k).

The fastest growing import markets in Soybean Oil for Mongolia between 2022 and 2023 were Italy ($1.21k).

Latest Trends

Jan 2025

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 Soybean Oil. 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 (2017)$30
IMPORTS (2023)$147k
NET TRADE (2023)-$147k

In 2023, Mongolia imported $147k in Soybean Oil, mainly from Malaysia ($111k), China ($35k), and Italy ($1.28k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mongolia's main exporting competitors in Soybean Oil were:
In 2023, Mongolia's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $687
TOP IMPORT POTENTIALChina+ $383k

Soybean Oil’s highest export potential is India. With an export gap of $687.   Soybean Oil’s highest import potential is China with an import gap of $383k.

See methodology.

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