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2021
Exports $80World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2021
Imports $1.04MWorld Rnk 137 / 213
Flag Rnk 440 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Imports In 2022, Mongolia imported $1.04M in Industrial Furnaces, becoming the 137th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 440th most imported product in Mongolia. Mongolia imports Industrial Furnaces primarily from: China ($621k), India ($232k), United States ($62.4k), Russia ($38.4k), and United Kingdom ($24.7k).

The fastest growing import markets in Industrial Furnaces for Mongolia between 2021 and 2022 were India ($232k), United States ($35.7k), and Russia ($15k).

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 Industrial Furnaces. 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 (2021)$80
IMPORTS (2022)$1.04M
NET TRADE (2022)-$1.04M

In 2022, Mongolia imported $1.04M in Industrial Furnaces, mainly from China ($621k), India ($232k), United States ($62.4k), Russia ($38.4k), and United Kingdom ($24.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Mongolia WERE (N/A - 2021):South Korea-$80 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Mongolia's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $488
TOP IMPORT POTENTIALChina+ $515k

Industrial Furnaces’s highest export potential is China. With an export gap of $488.   Industrial Furnaces’s highest import potential is China with an import gap of $515k.

See methodology.

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