2022
Exports
$83.2kWorld Rnk 171 / 223
Flag Rnk 193 / 652
2022
PRODUCT COMPLEXITY IN Other Furniture
0.34Rnk 424 / 1025
2022
Imports
$38MWorld Rnk 117 / 225
Flag Rnk 39 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $83.2k in Other Furniture, making it the 171st largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 193rd most exported product in Mongolia. The main destination of Other Furniture exports from Mongolia are: Japan ($22.1k), Germany ($10.5k), United Kingdom ($7.74k), France ($6.53k), and Russia ($6.2k).

The fastest growing export markets for Other Furniture of Mongolia between 2021 and 2022 were Japan ($19k), Germany ($6.89k), and Russia ($6.12k).

Imports In 2022, Mongolia imported $38M in Other Furniture, becoming the 117th largest importer of Other Furniture in the world. At the same year, Other Furniture was the 39th most imported product in Mongolia. Mongolia imports Other Furniture primarily from: China ($19.4M), Russia ($3.56M), Turkey ($3.14M), Italy ($2.48M), and Poland ($1.49M).

The fastest growing import markets in Other Furniture for Mongolia between 2021 and 2022 were China ($8.02M), Turkey ($1.9M), and Russia ($1.7M).

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 Other Furniture. 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)$83.2k
IMPORTS (2022)$38M
NET TRADE (2022)-$37.9M

In 2022, Mongolia exported $83.2k in Other Furniture. The main destinations of Mongolia exports on Other Furniture were Japan ($22.1k), Germany ($10.5k), United Kingdom ($7.74k), France ($6.53k), and Russia ($6.2k).

In 2022, Mongolia imported $38M in Other Furniture, mainly from China ($19.4M), Russia ($3.56M), Turkey ($3.14M), Italy ($2.48M), and Poland ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Japan$19k (616%)
Germany$6.89k (192%)
Russia$6.12k (8.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY Mongolia WERE (2021 - 2022):
Chinese Taipei-$20.2k (-100%)
Netherlands-$14.4k (-100%)
France-$13.2k (-66.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Other Furniture were:
China $36.6B
Vietnam $9.13B
Germany $8.79B
In 2022, Mongolia's main importing competitors in Other Furniture were:

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $48.7k
TOP IMPORT POTENTIALChina+ $14.8M

Other Furniture’s highest export potential is Japan. With an export gap of $48.7k.   Other Furniture’s highest import potential is China with an import gap of $14.8M.

See methodology.

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