2022
Exports
$257kWorld Rnk 115 / 209
Flag Rnk 130 / 652
2022
PRODUCT COMPLEXITY IN Other Heating Machinery
1.15Rnk 116 / 1025
2022
Imports
$13.8MWorld Rnk 119 / 225
Flag Rnk 103 / 1107
2022
ECONOMIC COMPLEXITY of Mongolia
-1.26Rnk 120 / 133

About

Exports In 2022, Mongolia exported $257k in Other Heating Machinery, making it the 115th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 130th most exported product in Mongolia. The main destination of Other Heating Machinery exports from Mongolia are: Russia ($128k), China ($87.6k), United States ($23.6k), South Korea ($13k), and United Kingdom ($4.35k).

The fastest growing export markets for Other Heating Machinery of Mongolia between 2021 and 2022 were Russia ($111k), China ($87.6k), and South Korea ($13k).

Imports In 2022, Mongolia imported $13.8M in Other Heating Machinery, becoming the 119th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 103rd most imported product in Mongolia. Mongolia imports Other Heating Machinery primarily from: China ($7.12M), Austria ($1.27M), South Korea ($873k), Germany ($736k), and United States ($534k).

The fastest growing import markets in Other Heating Machinery for Mongolia between 2021 and 2022 were China ($2.22M), Austria ($1.23M), and Netherlands ($254k).

Latest Trends

Mar 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 Other Heating Machinery. 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)$257k
IMPORTS (2022)$13.8M
NET TRADE (2022)-$13.5M

In 2022, Mongolia exported $257k in Other Heating Machinery. The main destinations of Mongolia exports on Other Heating Machinery were Russia ($128k), China ($87.6k), United States ($23.6k), South Korea ($13k), and United Kingdom ($4.35k).

In 2022, Mongolia imported $13.8M in Other Heating Machinery, mainly from China ($7.12M), Austria ($1.27M), South Korea ($873k), Germany ($736k), and United States ($534k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Mongolia WERE (2021 - 2022):
Russia$111k (630%)
China$87.6k (1%)
South Korea$13k (17.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Mongolia WERE (2021 - 2022):
Singapore-$14.9k (-100%)
Sudan-$3.79k (-100%)
France-$1.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mongolia's main exporting competitors in Other Heating Machinery were:
In 2022, Mongolia's main importing competitors in Other Heating Machinery were:

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Trade Value of Other Heating Machinery by Exporters

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