2022
Exports
$2.21kWorld Rnk 133 / 175
Flag Rnk 447 / 652
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2022
Imports
$1.12MWorld Rnk 88 / 209
Flag Rnk 424 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $2.21k in Sound Recording Equipment, making it the 133rd largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 447th most exported product in Mongolia. The main destination of Sound Recording Equipment exports from Mongolia are: United States ($1.5k), Germany ($500), Sweden ($99), China ($87), and Japan ($21).

The fastest growing export markets for Sound Recording Equipment of Mongolia between 2021 and 2022 were United States ($1.5k), Sweden ($99), and China ($87).

Imports In 2022, Mongolia imported $1.12M in Sound Recording Equipment, becoming the 88th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 424th most imported product in Mongolia. Mongolia imports Sound Recording Equipment primarily from: China ($816k), Hong Kong ($157k), Chinese Taipei ($36.9k), Singapore ($34.9k), and United States ($31.5k).

The fastest growing import markets in Sound Recording Equipment for Mongolia between 2021 and 2022 were China ($771k), Hong Kong ($147k), and Singapore ($34.9k).

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 Sound Recording Equipment. 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)$2.21k
IMPORTS (2022)$1.12M
NET TRADE (2022)-$1.12M

In 2022, Mongolia exported $2.21k in Sound Recording Equipment. The main destinations of Mongolia exports on Sound Recording Equipment were United States ($1.5k), Germany ($500), Sweden ($99), China ($87), and Japan ($21).

In 2022, Mongolia imported $1.12M in Sound Recording Equipment, mainly from China ($816k), Hong Kong ($157k), Chinese Taipei ($36.9k), Singapore ($34.9k), and United States ($31.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
United States$1.5k (1%)
Sweden$99 (1%)
China$87 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Mongolia WERE (2021 - 2022):
Germany-$500 (-50%)
South Korea-$35 (-100%)
Hong Kong-$30 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Sound Recording Equipment were:
In 2022, Mongolia's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.74k
TOP IMPORT POTENTIALChina+ $584k

Sound Recording Equipment’s highest export potential is United States. With an export gap of $3.74k.   Sound Recording Equipment’s highest import potential is China with an import gap of $584k.

See methodology.

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