2022
Exports
$3.24kWorld Rnk 137 / 183
Flag Rnk 427 / 652
2022
PRODUCT COMPLEXITY IN Vitamins
1.04Rnk 153 / 1025
2022
Imports
$1.4MWorld Rnk 126 / 212
Flag Rnk 386 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $3.24k in Vitamins, making it the 137th largest exporter of Vitamins in the world. At the same year, Vitamins was the 427th most exported product in Mongolia. The main destination of Vitamins exports from Mongolia are: Spain ($2.11k), New Zealand ($611), France ($443), and South Korea ($69).

The fastest growing export markets for Vitamins of Mongolia between 2021 and 2022 were Spain ($2.11k) and New Zealand ($611).

Imports In 2022, Mongolia imported $1.4M in Vitamins, becoming the 126th largest importer of Vitamins in the world. At the same year, Vitamins was the 386th most imported product in Mongolia. Mongolia imports Vitamins primarily from: China ($434k), Netherlands ($265k), United States ($256k), South Korea ($159k), and Australia ($156k).

The fastest growing import markets in Vitamins for Mongolia between 2021 and 2022 were Netherlands ($265k), Australia ($156k), and South Korea ($59.4k).

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 Vitamins. 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)$3.24k
IMPORTS (2022)$1.4M
NET TRADE (2022)-$1.4M

In 2022, Mongolia exported $3.24k in Vitamins. The main destinations of Mongolia exports on Vitamins were Spain ($2.11k), New Zealand ($611), France ($443), and South Korea ($69).

In 2022, Mongolia imported $1.4M in Vitamins, mainly from China ($434k), Netherlands ($265k), United States ($256k), South Korea ($159k), and Australia ($156k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vitamins EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Spain$2.11k (1%)
New Zealand$611 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vitamins BY Mongolia WERE (2021 - 2022):
South Korea-$1.17k (-94.4%)
Sweden-$583 (-100%)
France-$425 (-49%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Vitamins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $2.3k
TOP IMPORT POTENTIALChina+ $551k

Vitamins’s highest export potential is Spain. With an export gap of $2.3k.   Vitamins’s highest import potential is China with an import gap of $551k.

See methodology.

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