2022
Exports
$9.87kWorld Rnk 144 / 186
Flag Rnk 339 / 652
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$1.05MWorld Rnk 156 / 219
Flag Rnk 435 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $9.87k in Electric Motor Parts, making it the 144th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 339th most exported product in Mongolia. The main destination of Electric Motor Parts exports from Mongolia are: Russia ($9.2k), Spain ($515), and Greece ($155).

The fastest growing export markets for Electric Motor Parts of Mongolia between 2021 and 2022 were Russia ($4.65k), Spain ($259), and Greece ($155).

Imports In 2022, Mongolia imported $1.05M in Electric Motor Parts, becoming the 156th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 435th most imported product in Mongolia. Mongolia imports Electric Motor Parts primarily from: China ($353k), Germany ($215k), Czechia ($105k), South Korea ($89k), and United States ($65.5k).

The fastest growing import markets in Electric Motor Parts for Mongolia between 2021 and 2022 were China ($205k), Germany ($197k), and Czechia ($102k).

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 Electric Motor Parts. 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)$9.87k
IMPORTS (2022)$1.05M
NET TRADE (2022)-$1.04M

In 2022, Mongolia exported $9.87k in Electric Motor Parts. The main destinations of Mongolia exports on Electric Motor Parts were Russia ($9.2k), Spain ($515), and Greece ($155).

In 2022, Mongolia imported $1.05M in Electric Motor Parts, mainly from China ($353k), Germany ($215k), Czechia ($105k), South Korea ($89k), and United States ($65.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$4.65k (102%)
Spain$259 (101%)
Greece$155 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Mongolia WERE (2021 - 2022):France-$442 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Mongolia's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $9.19k
TOP IMPORT POTENTIALChina+ $617k

Electric Motor Parts’s highest export potential is Russia. With an export gap of $9.19k.   Electric Motor Parts’s highest import potential is China with an import gap of $617k.

See methodology.

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