2016
Exports | Imports
$555 | $211MWorld Rnk 0 / 0
Flag Rnk 0 / 0
World Rnk 35 / 217
Flag Rnk 5 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.14Rnk 110 / 124
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.29Rnk 905 / 1025

About

Imports In 2022, Mongolia imported $211M in Raw Iron Bars, becoming the 35th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 5th most imported product in Mongolia. Mongolia imports Raw Iron Bars primarily from: Russia ($117M), China ($92.9M), India ($496k), Japan ($50k), and Kazakhstan ($31.2k).

The fastest growing import markets in Raw Iron Bars for Mongolia between 2021 and 2022 were China ($36.9M), Russia ($25.7M), and Kazakhstan ($31.2k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Raw Iron Bars from Mongolia to the United States.

Latest Trends

Feb 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 Raw Iron Bars. 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 (2016)$555
IMPORTS (2022)$211M
NET TRADE (2022)-$211M

In 2022, Mongolia imported $211M in Raw Iron Bars, mainly from Russia ($117M), China ($92.9M), India ($496k), Japan ($50k), and Kazakhstan ($31.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Mongolia's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

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