2022
Exports
$283World Rnk 183 / 196
Flag Rnk 559 / 652
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$279kWorld Rnk 142 / 214
Flag Rnk 667 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $283 in Essential Oils, making it the 183rd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 559th most exported product in Mongolia. The main destination of Essential Oils exports from Mongolia are: Ireland ($283).

The fastest growing export markets for Essential Oils of Mongolia between 2021 and 2022 were Ireland ($283).

Imports In 2022, Mongolia imported $279k in Essential Oils, becoming the 142nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 667th most imported product in Mongolia. Mongolia imports Essential Oils primarily from: China ($177k), Thailand ($21.4k), United Kingdom ($16k), Russia ($15.3k), and Poland ($7.99k).

The fastest growing import markets in Essential Oils for Mongolia between 2021 and 2022 were China ($65.8k), Thailand ($11.8k), and United Kingdom ($11.8k).

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 Essential Oils. 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)$283
IMPORTS (2022)$279k
NET TRADE (2022)-$278k

In 2022, Mongolia exported $283 in Essential Oils. The main destinations of Mongolia exports on Essential Oils were Ireland ($283).

In 2022, Mongolia imported $279k in Essential Oils, mainly from China ($177k), Thailand ($21.4k), United Kingdom ($16k), Russia ($15.3k), and Poland ($7.99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Ireland$283 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Mongolia WERE (2021 - 2022):
Canada-$376 (-100%)
Denmark-$22 (-100%)
Chinese Taipei-$20 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Essential Oils were:
In 2022, Mongolia's main importing competitors in Essential Oils were:

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $711
TOP IMPORT POTENTIALChina+ $105k

Essential Oils’s highest export potential is China. With an export gap of $711.   Essential Oils’s highest import potential is China with an import gap of $105k.

See methodology.

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