2018
Exports
$19kWorld Rnk 103 / 182
Flag Rnk 297 / 652
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2018
Imports
$630kWorld Rnk 114 / 216
Flag Rnk 529 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2018, Mongolia exported $19k in Electromagnets, making it the 103rd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 297th most exported product in Mongolia. The main destination of Electromagnets exports from Mongolia are: Kazakhstan ($10.1k), United States ($3.64k), Singapore ($3.5k), Russia ($871), and United Arab Emirates ($610).

The fastest growing export markets for Electromagnets of Mongolia between 2021 and 2022 were Kazakhstan ($10.1k), United States ($3.56k), and Russia ($871).

Imports In 2022, Mongolia imported $630k in Electromagnets, becoming the 114th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 529th most imported product in Mongolia. Mongolia imports Electromagnets primarily from: United States ($211k), Canada ($81.8k), China ($81.5k), Japan ($68.1k), and Germany ($48.4k).

The fastest growing import markets in Electromagnets for Mongolia between 2021 and 2022 were United States ($78.1k), Netherlands ($20.1k), and Germany ($19.6k).

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 Electromagnets. 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)$19k
IMPORTS (2022)$630k
NET TRADE (2022)-$611k

In 2022, Mongolia exported $19k in Electromagnets. The main destinations of Mongolia exports on Electromagnets were Kazakhstan ($10.1k), United States ($3.64k), Singapore ($3.5k), Russia ($871), and United Arab Emirates ($610).

In 2022, Mongolia imported $630k in Electromagnets, mainly from United States ($211k), Canada ($81.8k), China ($81.5k), Japan ($68.1k), and Germany ($48.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Kazakhstan$10.1k (1%)
United States$3.56k (4.62k%)
Russia$871 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Mongolia WERE (2021 - 2022):
Singapore-$2.58k (-42.4%)
South Korea-$216 (-62.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Mongolia's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.2k
TOP IMPORT POTENTIALChina+ $148k

Electromagnets’s highest export potential is United States. With an export gap of $10.2k.   Electromagnets’s highest import potential is China with an import gap of $148k.

See methodology.

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