2022
Exports
$90.2kWorld Rnk 144 / 216
Flag Rnk 186 / 652
2022
PRODUCT COMPLEXITY IN Beauty Products
0.42Rnk 400 / 1025
2022
Imports
$44.1MWorld Rnk 81 / 223
Flag Rnk 32 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $90.2k in Beauty Products, making it the 144th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 186th most exported product in Mongolia. The main destination of Beauty Products exports from Mongolia are: Russia ($48.3k), South Korea ($19.6k), Switzerland ($6.77k), United States ($3.43k), and Kazakhstan ($2.19k).

The fastest growing export markets for Beauty Products of Mongolia between 2021 and 2022 were Russia ($48.3k), South Korea ($11.4k), and Kazakhstan ($2.19k).

Imports In 2022, Mongolia imported $44.1M in Beauty Products, becoming the 81st largest importer of Beauty Products in the world. At the same year, Beauty Products was the 32nd most imported product in Mongolia. Mongolia imports Beauty Products primarily from: South Korea ($24M), Poland ($3.86M), Japan ($3.65M), France ($3.23M), and Russia ($1.66M).

The fastest growing import markets in Beauty Products for Mongolia between 2021 and 2022 were South Korea ($12.7M), Japan ($1.54M), and Kazakhstan ($1.14M).

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 Beauty 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)$90.2k
IMPORTS (2022)$44.1M
NET TRADE (2022)-$44M

In 2022, Mongolia exported $90.2k in Beauty Products. The main destinations of Mongolia exports on Beauty Products were Russia ($48.3k), South Korea ($19.6k), Switzerland ($6.77k), United States ($3.43k), and Kazakhstan ($2.19k).

In 2022, Mongolia imported $44.1M in Beauty Products, mainly from South Korea ($24M), Poland ($3.86M), Japan ($3.65M), France ($3.23M), and Russia ($1.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$48.3k (1%)
South Korea$11.4k (138%)
Kazakhstan$2.19k (219k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Mongolia WERE (2021 - 2022):
United States-$5.1k (-59.8%)
Malaysia-$3.47k (-100%)
Japan-$3.24k (-62.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $68.3k
TOP IMPORT POTENTIALFrance+ $2.07M

Beauty Products’s highest export potential is Russia. With an export gap of $68.3k.   Beauty Products’s highest import potential is France with an import gap of $2.07M.

See methodology.

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