2022
Exports
$285kWorld Rnk 170 / 221
Flag Rnk 20 / 21
falsefalse China
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2022
Imports
$77.8MWorld Rnk 102 / 226
Flag Rnk 15 / 21
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $285k in Wood Products, making it the 170th largest exporter of Wood Products in the world. At the same year, Wood Products was the 20th most exported product in Mongolia. The main destination of Wood Products exports from Mongolia are: China ($178k), Latvia ($48.2k), Canada ($19.6k), Japan ($9.26k), and France ($8.42k).

The fastest growing export markets for Wood Products of Mongolia between 2021 and 2022 were China ($114k), Latvia ($48.2k), and Canada ($19.5k).

Imports In 2022, Mongolia imported $77.8M in Wood Products, becoming the 102nd largest importer of Wood Products in the world. At the same year, Wood Products was the 15th most imported product in Mongolia. Mongolia imports Wood Products primarily from: China ($40.9M), Russia ($19.6M), Germany ($3.6M), Turkey ($3.02M), and South Korea ($2.62M).

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 Products. 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)$285k
IMPORTS (2022)$77.8M
NET TRADE (2022)-$77.5M

In 2022, Mongolia exported $285k in Wood Products. The main destinations of Mongolia exports on Wood Products were China ($178k), Latvia ($48.2k), Canada ($19.6k), Japan ($9.26k), and France ($8.42k).

In 2022, Mongolia imported $77.8M in Wood Products, mainly from China ($40.9M), Russia ($19.6M), Germany ($3.6M), Turkey ($3.02M), and South Korea ($2.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
China$114k (181%)
Latvia$48.2k (1%)
Canada$19.5k (12.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Mongolia WERE (2021 - 2022):
Italy-$23.2k (-100%)
United Arab Emirates-$19.2k (-83.2%)
Germany-$7.06k (-76.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Mongolia's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $113k
TOP IMPORT POTENTIALChina+ $5.32M

Wood Products’s highest export potential is China. With an export gap of $113k.   Wood Products’s highest import potential is China with an import gap of $5.32M.

See methodology.

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