2022
Exports
$344kWorld Rnk 98 / 186
Flag Rnk 112 / 652
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts
-0.5Rnk 703 / 1025
2022
Imports
$26.3MWorld Rnk 70 / 221
Flag Rnk 54 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $344k in Coffee and Tea Extracts, making it the 98th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 112th most exported product in Mongolia. The main destination of Coffee and Tea Extracts exports from Mongolia are: Russia ($230k), South Korea ($109k), China ($2.71k), United States ($1.29k), and Japan ($375).

The fastest growing export markets for Coffee and Tea Extracts of Mongolia between 2021 and 2022 were Russia ($114k), Japan ($375), and United States ($363).

Imports In 2022, Mongolia imported $26.3M in Coffee and Tea Extracts, becoming the 70th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 54th most imported product in Mongolia. Mongolia imports Coffee and Tea Extracts primarily from: Malaysia ($8.14M), South Korea ($5.08M), Russia ($3.7M), United States ($3M), and China ($1.02M).

The fastest growing import markets in Coffee and Tea Extracts for Mongolia between 2021 and 2022 were Malaysia ($4.82M), South Korea ($2.25M), and United States ($1.3M).

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 Coffee and Tea Extracts. 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)$344k
IMPORTS (2022)$26.3M
NET TRADE (2022)-$26M

In 2022, Mongolia exported $344k in Coffee and Tea Extracts. The main destinations of Mongolia exports on Coffee and Tea Extracts were Russia ($230k), South Korea ($109k), China ($2.71k), United States ($1.29k), and Japan ($375).

In 2022, Mongolia imported $26.3M in Coffee and Tea Extracts, mainly from Malaysia ($8.14M), South Korea ($5.08M), Russia ($3.7M), United States ($3M), and China ($1.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$114k (98.4%)
Japan$375 (1%)
United States$363 (39.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Mongolia WERE (2021 - 2022):
China-$45.5k (-94.4%)
South Korea-$32k (-22.7%)
Switzerland-$214 (-45.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Coffee and Tea Extracts were:
In 2022, Mongolia's main importing competitors in Coffee and Tea Extracts were:

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $152k
TOP IMPORT POTENTIALChina+ $840k

Coffee and Tea Extracts’s highest export potential is Russia. With an export gap of $152k.   Coffee and Tea Extracts’s highest import potential is China with an import gap of $840k.

See methodology.

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