2022
Exports
$19.8kWorld Rnk 150 / 187
Flag Rnk 294 / 652
2022
PRODUCT COMPLEXITY IN Iron Pipes
-0.034Rnk 558 / 1025
2022
Imports
$16.3MWorld Rnk 96 / 221
Flag Rnk 89 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $19.8k in Iron Pipes, making it the 150th largest exporter of Iron Pipes in the world. At the same year, Iron Pipes was the 294th most exported product in Mongolia. The main destination of Iron Pipes exports from Mongolia are: Singapore ($19.2k), Kyrgyzstan ($540), and Russia ($64).

The fastest growing export markets for Iron Pipes of Mongolia between 2021 and 2022 were Singapore ($6.93k) and Russia ($64).

Imports In 2022, Mongolia imported $16.3M in Iron Pipes, becoming the 96th largest importer of Iron Pipes in the world. At the same year, Iron Pipes was the 89th most imported product in Mongolia. Mongolia imports Iron Pipes primarily from: China ($14.7M), Russia ($964k), South Korea ($325k), India ($64k), and United Kingdom ($59.8k).

The fastest growing import markets in Iron Pipes for Mongolia between 2021 and 2022 were China ($9.05M), Russia ($360k), and South Korea ($93.2k).

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 Iron Pipes. 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)$19.8k
IMPORTS (2022)$16.3M
NET TRADE (2022)-$16.3M

In 2022, Mongolia exported $19.8k in Iron Pipes. The main destinations of Mongolia exports on Iron Pipes were Singapore ($19.2k), Kyrgyzstan ($540), and Russia ($64).

In 2022, Mongolia imported $16.3M in Iron Pipes, mainly from China ($14.7M), Russia ($964k), South Korea ($325k), India ($64k), and United Kingdom ($59.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipes EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$6.93k (56.5%)
Russia$64 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipes BY Mongolia WERE (2021 - 2022):
Kyrgyzstan-$27.6k (-98.1%)
Canada-$34 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Iron Pipes were:
China $8.49B
Japan $2.88B
Germany $2.46B
In 2022, Mongolia's main importing competitors in Iron Pipes were:

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Trade Value of Iron Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $8.56k
TOP IMPORT POTENTIALChina+ $4.63M

Iron Pipes’s highest export potential is Singapore. With an export gap of $8.56k.   Iron Pipes’s highest import potential is China with an import gap of $4.63M.

See methodology.

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