2022
Exports
$208kWorld Rnk 100 / 209
Flag Rnk 148 / 652
2022
PRODUCT COMPLEXITY IN Electrical Ignitions
0.62Rnk 310 / 1025
2022
Imports
$4.4MWorld Rnk 116 / 223
Flag Rnk 246 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $208k in Electrical Ignitions, making it the 100th largest exporter of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 148th most exported product in Mongolia. The main destination of Electrical Ignitions exports from Mongolia are: Singapore ($188k), Sudan ($5.65k), South Korea ($4.51k), United Kingdom ($4.04k), and Russia ($2k).

The fastest growing export markets for Electrical Ignitions of Mongolia between 2021 and 2022 were Singapore ($72k), Sudan ($5.38k), and South Korea ($4.51k).

Imports In 2022, Mongolia imported $4.4M in Electrical Ignitions, becoming the 116th largest importer of Electrical Ignitions in the world. At the same year, Electrical Ignitions was the 246th most imported product in Mongolia. Mongolia imports Electrical Ignitions primarily from: China ($1.24M), Japan ($722k), Hong Kong ($650k), United States ($647k), and Mexico ($328k).

The fastest growing import markets in Electrical Ignitions for Mongolia between 2021 and 2022 were China ($727k), United States ($334k), and Japan ($234k).

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 Electrical Ignitions. 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)$208k
IMPORTS (2022)$4.4M
NET TRADE (2022)-$4.2M

In 2022, Mongolia exported $208k in Electrical Ignitions. The main destinations of Mongolia exports on Electrical Ignitions were Singapore ($188k), Sudan ($5.65k), South Korea ($4.51k), United Kingdom ($4.04k), and Russia ($2k).

In 2022, Mongolia imported $4.4M in Electrical Ignitions, mainly from China ($1.24M), Japan ($722k), Hong Kong ($650k), United States ($647k), and Mexico ($328k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Ignitions EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$72k (62.3%)
Sudan$5.38k (2.02k%)
South Korea$4.51k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Ignitions BY Mongolia WERE (2021 - 2022):
Russia-$38k (-95%)
United States-$11.4k (-100%)
United Kingdom-$4.1k (-50.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Electrical Ignitions were:
In 2022, Mongolia's main importing competitors in Electrical Ignitions were:

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Trade Value of Electrical Ignitions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $13k
TOP IMPORT POTENTIALChina+ $1.18M

Electrical Ignitions’s highest export potential is South Korea. With an export gap of $13k.   Electrical Ignitions’s highest import potential is China with an import gap of $1.18M.

See methodology.

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