Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Mongolia | Imports and Exports | World | Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation | Value (US$) and Value Growth, YoY (%) | 2006 - 2022

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The value of exports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" from Mongolia totalled $ 14.4 thousand in 2022. Sales of commodity group 8505 from Mongolia went up by 111% compared to 2021: exports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" went up by $ 7.61 thousand (cumulative exports of commodity group 8505 from Mongolia amounted $6.8 thousand in 2021)

Exports of commodity group 8505 amounted to 0.256% of total sales of group "" from Mongolia in 2022 (the value of exports of commodity group from Mongolia amounted to $5.63 million in 2022). The share of exports of commodity group 8505 in sales of commodity group from Mongolia increased by 0.107 p.p. compared to 2021 (it was 0.148% in 2021, and exports of commodity group from Mongolia were $4.59 million).

Where does Mongolia export Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads?

Top export destinations of "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" from Mongolia in 2022:

  • Kazakhstan with a share of 69% (10 thousand US$)
  • Singapore with a share of 24% (3.5 thousand US$)
  • Russia with a share of 6.03% (870 US$)

Exports structure of 8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - from Mongolia in 2022 represented by the following main commodity groups:

  • 69% (10 thousand US$): 850511 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, of metal
  • 30% (4.37 thousand US$): 850590 - Electro-magnets n.e.s. in 85.05; electro-magnetic/permanent magnet chucks, clamps & sim. holding devices; parts of the gds. of 85.05

The value of imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" to Mongolia totalled $ 450 thousand in 2022. Sales of commodity group 8505 to Mongolia went up by 54% compared to 2021: imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" went up by $ 159 thousand (the value of imports of commodity group 8505 to Mongolia was equal to $291 thousand in 2021)

Imports of commodity group 8505 "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads" accounted for 0.005% of total import flow to Mongolia (in 2022, total imports to Mongolia amounted to $ 8.74 billion). The share of commodity group 8505 in total imports to Mongolia decreased by 0 p.p. compared to 2021 (it was 0.004% in 2021 and cumulative imports to Mongolia were equal to $ 6.84 billion).

Imports of commodity group 8505 reached 0.094% of total imports of group "" to Mongolia in 2022 (imports of commodity group to Mongolia totalled $478 million in 2022). The share of purchases of commodity group 8505 in total imports of commodity group to Mongolia increased by 0.033 p.p. compared to 2021 (it was 0.06% in 2021, and imports of commodity group to Mongolia accounted for $482 million).

Where does Mongolia import Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads from?

Top trading partners (import of "Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads") of Mongolia in 2022:

  • USA with a share of 49% (222 thousand US$)
  • Germany with a share of 12% (54 thousand US$)
  • China with a share of 10.2% (46 thousand US$)
  • Japan with a share of 5.34% (24 thousand US$)
  • Russia with a share of 5.23% (23 thousand US$)
  • Sweden with a share of 4.12% (18.5 thousand US$)
  • Canada with a share of 3.31% (14.9 thousand US$)
  • Italy with a share of 1.98% (8.92 thousand US$)
  • New Zealand with a share of 1.66% (7.51 thousand US$)
  • Denmark with a share of 1.59% (7.19 thousand US$)

Imports structure of 8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - to Mongolia in 2022 represented by the following main commodity groups:

  • 68% (306 thousand US$): 850590 - Electro-magnets n.e.s. in 85.05; electro-magnetic/permanent magnet chucks, clamps & sim. holding devices; parts of the gds. of 85.05
  • 14.3% (64 thousand US$): 850520 - Electro-magnetic couplings, clutches & brakes
  • 13.1% (59 thousand US$): 850519 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, other than of metal
  • 4.47% (20 thousand US$): 850511 - Permanent magnets & arts. intended to become permanent magnets after magnetisation, of metal

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Mongolia | Imports and Exports | World | Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation | Value (US$) and Value Growth, YoY (%) | 2006 - 2022