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Pricing

2022
Exports $389MWorld Rnk 19 / 128
Flag Rnk 5 / 652
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseCanada
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $158kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Mongolia-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $389M in Iron Ore, making it the 19th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 5th most exported product in Mongolia. The main destination of Iron Ore exports from Mongolia are: China ($389M) and Canada ($161).

The fastest growing export markets for Iron Ore of Mongolia between 2021 and 2022 were Canada ($161).

Imports In 2021, Mongolia imported $158k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Mongolia. Mongolia imports Iron Ore primarily from: N/A.

Latest Trends

Sep 2024

Subnational Monthly Trade

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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 Iron Ore. 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)$389M
IMPORTS (2021)$158k
NET TRADE (2022)$389M

In 2022, Mongolia exported $389M in Iron Ore. The main destinations of Mongolia exports on Iron Ore were China ($389M) and Canada ($161).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):Canada$161 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Mongolia WERE (2021 - 2022):China-$556M (-58.9%)
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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 Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Mongolia's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $380M
TOP IMPORT POTENTIALAustralia+ $601

Iron Ore’s highest export potential is China. With an export gap of $380M.   Iron Ore’s highest import potential is Australia with an import gap of $601.

See methodology.

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