2022
Exports
$141kWorld Rnk 148 / 222
Flag Rnk 164 / 652
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$56.3MWorld Rnk 112 / 225
Flag Rnk 26 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $141k in Insulated Wire, making it the 148th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 164th most exported product in Mongolia. The main destination of Insulated Wire exports from Mongolia are: United States ($35.3k), Russia ($29.1k), Togo ($22.7k), Singapore ($19.9k), and China ($13.5k).

The fastest growing export markets for Insulated Wire of Mongolia between 2021 and 2022 were Togo ($22.7k), Russia ($22.3k), and Germany ($2.88k).

Imports In 2022, Mongolia imported $56.3M in Insulated Wire, becoming the 112th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 26th most imported product in Mongolia. Mongolia imports Insulated Wire primarily from: China ($25.7M), Russia ($16.9M), South Korea ($5.37M), India ($2.25M), and Poland ($1.53M).

The fastest growing import markets in Insulated Wire for Mongolia between 2021 and 2022 were China ($6.24M), South Korea ($2.46M), and India ($2.23M).

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 Insulated Wire. 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)$141k
IMPORTS (2022)$56.3M
NET TRADE (2022)-$56.1M

In 2022, Mongolia exported $141k in Insulated Wire. The main destinations of Mongolia exports on Insulated Wire were United States ($35.3k), Russia ($29.1k), Togo ($22.7k), Singapore ($19.9k), and China ($13.5k).

In 2022, Mongolia imported $56.3M in Insulated Wire, mainly from China ($25.7M), Russia ($16.9M), South Korea ($5.37M), India ($2.25M), and Poland ($1.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Togo$22.7k (1%)
Russia$22.3k (328%)
Germany$2.88k (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Mongolia WERE (2021 - 2022):
United States-$246k (-87.5%)
Singapore-$24.6k (-55.2%)
Sudan-$16.2k (-67.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Insulated Wire were:
In 2022, Mongolia's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $133k
TOP IMPORT POTENTIALChina+ $16.9M

Insulated Wire’s highest export potential is United States. With an export gap of $133k.   Insulated Wire’s highest import potential is China with an import gap of $16.9M.

See methodology.

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