2022
Exports
$7.78MWorld Rnk 75 / 203
Flag Rnk 25 / 652
2022
PRODUCT COMPLEXITY IN Rubber Tires
0.16Rnk 500 / 1025
2022
Imports
$76.9MWorld Rnk 102 / 225
Flag Rnk 17 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $7.78M in Rubber Tires, making it the 75th largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 25th most exported product in Mongolia. The main destination of Rubber Tires exports from Mongolia are: Russia ($7.59M), South Korea ($88.7k), Hong Kong ($79.4k), Sudan ($13.9k), and Germany ($2.99k).

The fastest growing export markets for Rubber Tires of Mongolia between 2021 and 2022 were Russia ($7.59M), South Korea ($88.5k), and Hong Kong ($18.4k).

Imports In 2022, Mongolia imported $76.9M in Rubber Tires, becoming the 102nd largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 17th most imported product in Mongolia. Mongolia imports Rubber Tires primarily from: China ($53M), Japan ($11.9M), United States ($5.29M), South Korea ($1.43M), and Russia ($774k).

The fastest growing import markets in Rubber Tires for Mongolia between 2021 and 2022 were China ($17.9M), Japan ($623k), and Thailand ($543k).

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 Rubber Tires. 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)$7.78M
IMPORTS (2022)$76.9M
NET TRADE (2022)-$69.1M

In 2022, Mongolia exported $7.78M in Rubber Tires. The main destinations of Mongolia exports on Rubber Tires were Russia ($7.59M), South Korea ($88.7k), Hong Kong ($79.4k), Sudan ($13.9k), and Germany ($2.99k).

In 2022, Mongolia imported $76.9M in Rubber Tires, mainly from China ($53M), Japan ($11.9M), United States ($5.29M), South Korea ($1.43M), and Russia ($774k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$7.59M (1%)
South Korea$88.5k (40.8k%)
Hong Kong$18.4k (30.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY Mongolia WERE (2021 - 2022):
Turkey-$45k (-100%)
Sudan-$28.9k (-67.5%)
United States-$764 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Rubber Tires were:
In 2022, Mongolia's main importing competitors in Rubber Tires were:

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $1.72M
TOP IMPORT POTENTIALChina+ $18M

Rubber Tires’s highest export potential is Russia. With an export gap of $1.72M.   Rubber Tires’s highest import potential is China with an import gap of $18M.

See methodology.

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