2022
Exports
$4MWorld Rnk 97 / 210
Flag Rnk 35 / 652
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$524MWorld Rnk 90 / 224
Flag Rnk 2 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $4M in Cars, making it the 97th largest exporter of Cars in the world. At the same year, Cars was the 35th most exported product in Mongolia. The main destination of Cars exports from Mongolia are: Kyrgyzstan ($1.85M), Russia ($1.32M), Kazakhstan ($301k), Belarus ($263k), and Canada ($96.4k).

The fastest growing export markets for Cars of Mongolia between 2021 and 2022 were Kyrgyzstan ($1.85M), Russia ($1.32M), and Kazakhstan ($264k).

Imports In 2022, Mongolia imported $524M in Cars, becoming the 90th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Mongolia. Mongolia imports Cars primarily from: Japan ($377M), United States ($43M), China ($30.5M), Austria ($17.5M), and Germany ($15.3M).

The fastest growing import markets in Cars for Mongolia between 2021 and 2022 were Japan ($53.2M), China ($26.3M), and United States ($9.06M).

Latest Trends

Sep 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 Cars. 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)$4M
IMPORTS (2022)$524M
NET TRADE (2022)-$520M

In 2022, Mongolia exported $4M in Cars. The main destinations of Mongolia exports on Cars were Kyrgyzstan ($1.85M), Russia ($1.32M), Kazakhstan ($301k), Belarus ($263k), and Canada ($96.4k).

In 2022, Mongolia imported $524M in Cars, mainly from Japan ($377M), United States ($43M), China ($30.5M), Austria ($17.5M), and Germany ($15.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Kyrgyzstan$1.85M (1%)
Russia$1.32M (1%)
Kazakhstan$264k (723%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Mongolia WERE (2021 - 2022):
Italy-$22.3k (-47.2%)
South Korea-$15k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $1.81M
TOP IMPORT POTENTIALChina+ $42.6M

Cars’s highest export potential is Russia. With an export gap of $1.81M.   Cars’s highest import potential is China with an import gap of $42.6M.

See methodology.

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