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2022
Exports $42.4kWorld Rnk 117 / 190
Flag Rnk 247 / 652
2022
Destination $30.5k Germany
2021 - 2022
FASTEST GROWING MARKET $30.5kGermany
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $1.14MWorld Rnk 128 / 217
Flag Rnk 421 / 1107
2022
Origin $207k China
2021 - 2022
FASTEST GROWING ORIGIN $207kChina
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $42.4k in Knit Men's Undergarments, making it the 117th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 247th most exported product in Mongolia. The main destination of Knit Men's Undergarments exports from Mongolia are: Germany ($30.7k), United States ($7.46k), Poland ($1.81k), Switzerland ($672), and Kazakhstan ($572).

The fastest growing export markets for Knit Men's Undergarments of Mongolia between 2021 and 2022 were Germany ($30.5k), United States ($3.03k), and Kazakhstan ($572).

Imports In 2018, Mongolia imported $1.14M in Knit Men's Undergarments, becoming the 128th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 421st most imported product in Mongolia. Mongolia imports Knit Men's Undergarments primarily from: China ($450k), Turkey ($142k), South Korea ($87k), Bangladesh ($71.4k), and Hong Kong ($42.8k).

The fastest growing import markets in Knit Men's Undergarments for Mongolia between 2021 and 2022 were China ($207k), Turkey ($97.8k), and Bangladesh ($42.1k).

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 Knit Men's Undergarments. 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)$42.4k
IMPORTS (2022)$1.14M
NET TRADE (2022)-$1.1M

In 2022, Mongolia exported $42.4k in Knit Men's Undergarments. The main destinations of Mongolia exports on Knit Men's Undergarments were Germany ($30.7k), United States ($7.46k), Poland ($1.81k), Switzerland ($672), and Kazakhstan ($572).

In 2022, Mongolia imported $1.14M in Knit Men's Undergarments, mainly from China ($450k), Turkey ($142k), South Korea ($87k), Bangladesh ($71.4k), and Hong Kong ($42.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Germany$30.5k (24.8k%)
United States$3.03k (68.4%)
Kazakhstan$572 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY Mongolia WERE (2021 - 2022):
Poland-$8.33k (-82.2%)
Switzerland-$926 (-57.9%)
Sweden-$717 (-87.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Knit Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, Mongolia's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $30.5k
TOP IMPORT POTENTIALChina+ $554k

Knit Men's Undergarments’s highest export potential is Germany. With an export gap of $30.5k.   Knit Men's Undergarments’s highest import potential is China with an import gap of $554k.

See methodology.

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