2022
Exports
$18.4kWorld Rnk 120 / 200
Flag Rnk 302 / 652
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$1.19MWorld Rnk 124 / 219
Flag Rnk 409 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $18.4k in Wrenches, making it the 120th largest exporter of Wrenches in the world. At the same year, Wrenches was the 302nd most exported product in Mongolia. The main destination of Wrenches exports from Mongolia are: United States ($4.12k), Singapore ($4.09k), South Korea ($2.67k), Russia ($2.54k), and Sudan ($1.88k).

The fastest growing export markets for Wrenches of Mongolia between 2021 and 2022 were Singapore ($3.16k), South Korea ($2.67k), and Russia ($2.54k).

Imports In 2022, Mongolia imported $1.19M in Wrenches, becoming the 124th largest importer of Wrenches in the world. At the same year, Wrenches was the 409th most imported product in Mongolia. Mongolia imports Wrenches primarily from: China ($284k), Germany ($276k), United States ($176k), Chinese Taipei ($141k), and Australia ($74.7k).

The fastest growing import markets in Wrenches for Mongolia between 2021 and 2022 were China ($103k), Australia ($40.4k), and Chinese Taipei ($36.5k).

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 Wrenches. 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)$18.4k
IMPORTS (2022)$1.19M
NET TRADE (2022)-$1.17M

In 2022, Mongolia exported $18.4k in Wrenches. The main destinations of Mongolia exports on Wrenches were United States ($4.12k), Singapore ($4.09k), South Korea ($2.67k), Russia ($2.54k), and Sudan ($1.88k).

In 2022, Mongolia imported $1.19M in Wrenches, mainly from China ($284k), Germany ($276k), United States ($176k), Chinese Taipei ($141k), and Australia ($74.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$3.16k (338%)
South Korea$2.67k (1%)
Russia$2.54k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Mongolia WERE (2021 - 2022):
Uganda-$4.61k (-100%)
Canada-$598 (-100%)
Australia-$33 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.04k
TOP IMPORT POTENTIALChina+ $291k

Wrenches’s highest export potential is United States. With an export gap of $9.04k.   Wrenches’s highest import potential is China with an import gap of $291k.

See methodology.

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