2022
Exports
$169kWorld Rnk 150 / 222
Flag Rnk 155 / 652
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$77.8MWorld Rnk 76 / 225
Flag Rnk 15 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $169k in Other Iron Products, making it the 150th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 155th most exported product in Mongolia. The main destination of Other Iron Products exports from Mongolia are: Singapore ($134k), Hungary ($7.31k), Australia ($5.69k), Russia ($5.6k), and South Korea ($3.13k).

The fastest growing export markets for Other Iron Products of Mongolia between 2021 and 2022 were Singapore ($103k), Hungary ($7.31k), and Russia ($5.6k).

Imports In 2022, Mongolia imported $77.8M in Other Iron Products, becoming the 76th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 15th most imported product in Mongolia. Mongolia imports Other Iron Products primarily from: China ($70.7M), Sweden ($1.33M), South Korea ($1.19M), Russia ($1.13M), and United States ($1M).

The fastest growing import markets in Other Iron Products for Mongolia between 2021 and 2022 were China ($20M), Sweden ($880k), and United States ($544k).

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 Iron Products. 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)$169k
IMPORTS (2022)$77.8M
NET TRADE (2022)-$77.6M

In 2022, Mongolia exported $169k in Other Iron Products. The main destinations of Mongolia exports on Other Iron Products were Singapore ($134k), Hungary ($7.31k), Australia ($5.69k), Russia ($5.6k), and South Korea ($3.13k).

In 2022, Mongolia imported $77.8M in Other Iron Products, mainly from China ($70.7M), Sweden ($1.33M), South Korea ($1.19M), Russia ($1.13M), and United States ($1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$103k (344%)
Hungary$7.31k (1%)
Russia$5.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Mongolia WERE (2021 - 2022):
United Arab Emirates-$5.92k (-66.9%)
Sweden-$3.81k (-88.5%)
Canada-$1.94k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Other Iron Products were:
In 2022, Mongolia's main importing competitors in Other Iron Products were:

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSingapore+ $25.7k
TOP IMPORT POTENTIALChina+ $17.4M

Other Iron Products’s highest export potential is Singapore. With an export gap of $25.7k.   Other Iron Products’s highest import potential is China with an import gap of $17.4M.

See methodology.

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