2022
Exports
$117kWorld Rnk 142 / 219
Flag Rnk 176 / 652
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$15.9MWorld Rnk 120 / 224
Flag Rnk 91 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $117k in Electrical Control Boards, making it the 142nd largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 176th most exported product in Mongolia. The main destination of Electrical Control Boards exports from Mongolia are: Singapore ($40.2k), United States ($26.6k), South Korea ($20.1k), France ($12.8k), and Indonesia ($5.26k).

The fastest growing export markets for Electrical Control Boards of Mongolia between 2021 and 2022 were United States ($24.2k), Singapore ($21k), and South Korea ($20.1k).

Imports In 2022, Mongolia imported $15.9M in Electrical Control Boards, becoming the 120th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 91st most imported product in Mongolia. Mongolia imports Electrical Control Boards primarily from: China ($8.18M), Hong Kong ($2.32M), Germany ($1.52M), United States ($820k), and Russia ($700k).

The fastest growing import markets in Electrical Control Boards for Mongolia between 2021 and 2022 were Hong Kong ($841k), Germany ($554k), and India ($418k).

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 Electrical Control Boards. 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)$117k
IMPORTS (2022)$15.9M
NET TRADE (2022)-$15.7M

In 2022, Mongolia exported $117k in Electrical Control Boards. The main destinations of Mongolia exports on Electrical Control Boards were Singapore ($40.2k), United States ($26.6k), South Korea ($20.1k), France ($12.8k), and Indonesia ($5.26k).

In 2022, Mongolia imported $15.9M in Electrical Control Boards, mainly from China ($8.18M), Hong Kong ($2.32M), Germany ($1.52M), United States ($820k), and Russia ($700k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United States$24.2k (997%)
Singapore$21k (109%)
South Korea$20.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Mongolia WERE (2021 - 2022):
Russia-$798 (-65.4%)
Finland-$785 (-17.7%)
Germany-$204 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Mongolia's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $81.1k
TOP IMPORT POTENTIALChina+ $5.94M

Electrical Control Boards’s highest export potential is United States. With an export gap of $81.1k.   Electrical Control Boards’s highest import potential is China with an import gap of $5.94M.

See methodology.

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