2022
Exports
$2.6MWorld Rnk 107 / 226
Flag Rnk 43 / 652
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$48.5MWorld Rnk 125 / 225
Flag Rnk 30 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.6M in Motor vehicles; parts and accessories (8701 to 8705), making it the 107th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 43rd most exported product in Mongolia. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Mongolia are: Singapore ($1.89M), Malaysia ($336k), United States ($169k), Japan ($89.3k), and Russia ($51.8k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Mongolia between 2021 and 2022 were Singapore ($360k), Malaysia ($315k), and Russia ($21.5k).

Imports In 2022, Mongolia imported $48.5M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 125th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 30th most imported product in Mongolia. Mongolia imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($18M), Japan ($10.4M), South Korea ($6.05M), United States ($2.73M), and Australia ($1.36M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Mongolia between 2021 and 2022 were China ($5.89M), Japan ($3.23M), and Sweden ($461k).

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$2.6M
IMPORTS (2022)$48.5M
NET TRADE (2022)-$45.9M

In 2022, Mongolia exported $2.6M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Mongolia exports on Motor vehicles; parts and accessories (8701 to 8705) were Singapore ($1.89M), Malaysia ($336k), United States ($169k), Japan ($89.3k), and Russia ($51.8k).

In 2022, Mongolia imported $48.5M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($18M), Japan ($10.4M), South Korea ($6.05M), United States ($2.73M), and Australia ($1.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Singapore$360k (23.5%)
Malaysia$315k (1.51k%)
Russia$21.5k (70.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Mongolia WERE (2021 - 2022):
Kazakhstan-$84.5k (-99.8%)
Sudan-$76k (-66.1%)
United States-$61.4k (-26.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Mongolia's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $840k
TOP IMPORT POTENTIALChina+ $17.9M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $840k.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $17.9M.

See methodology.

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