2022
Exports
$2.04kWorld Rnk 165 / 194
Flag Rnk 451 / 652
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$104kWorld Rnk 149 / 217
Flag Rnk 789 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.04k in Wood Ornaments, making it the 165th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 451st most exported product in Mongolia. The main destination of Wood Ornaments exports from Mongolia are: Austria ($744), China ($571), South Korea ($325), Czechia ($175), and Japan ($110).

The fastest growing export markets for Wood Ornaments of Mongolia between 2021 and 2022 were Austria ($744), China ($311), and Czechia ($175).

Imports In 2022, Mongolia imported $104k in Wood Ornaments, becoming the 149th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 789th most imported product in Mongolia. Mongolia imports Wood Ornaments primarily from: China ($54.9k), Russia ($15.8k), Germany ($5.13k), Lithuania ($3.9k), and India ($3.35k).

The fastest growing import markets in Wood Ornaments for Mongolia between 2021 and 2022 were Russia ($11.1k), Lithuania ($3.9k), and South Korea ($3.1k).

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 Wood Ornaments. 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)$2.04k
IMPORTS (2022)$104k
NET TRADE (2022)-$102k

In 2022, Mongolia exported $2.04k in Wood Ornaments. The main destinations of Mongolia exports on Wood Ornaments were Austria ($744), China ($571), South Korea ($325), Czechia ($175), and Japan ($110).

In 2022, Mongolia imported $104k in Wood Ornaments, mainly from China ($54.9k), Russia ($15.8k), Germany ($5.13k), Lithuania ($3.9k), and India ($3.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Austria$744 (1%)
China$311 (120%)
Czechia$175 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Mongolia WERE (2021 - 2022):
Germany-$1.77k (-100%)
United Arab Emirates-$1.7k (-100%)
Switzerland-$1.08k (-90.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Mongolia's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.69k
TOP IMPORT POTENTIALChina+ $81.4k

Wood Ornaments’s highest export potential is China. With an export gap of $1.69k.   Wood Ornaments’s highest import potential is China with an import gap of $81.4k.

See methodology.

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