Mongolia, known for its vast landscapes and rich cultural heritage, is gradually making its presence felt in the global tea trade.
Mongolia’s Tea Exports
In 2021, Mongolia exported tea valued at $37.3k, positioning itself as the 127th largest tea exporter globally. Tea stood as the 233rd most exported product from Mongolia during the same year. The main destinations for Mongolian tea exports were South Korea, accounting for the majority at $26k, followed by the United States at $6.25k, Russia at $2.28k, Czechia at $1.15k, and France at $762.
Emerging Export Markets
Mongolia witnessed significant growth in tea exports between 2020 and 2021, reflecting an increasing demand for its unique tea products. The fastest-growing export markets for Mongolian tea during this period were South Korea, experiencing substantial growth at $16.1k, followed by Czechia at $1.15k, and the United States at $662. These figures highlight Mongolia’s ability to tap into emerging markets and cater to the evolving preferences of tea connoisseurs worldwide.
Where Does Mongolia Export Its Tea (2021)
|North America||United States||6,247|
Tea Imports into Mongolia
In 2021, Mongolia imported tea valued at $5.67 million, ranking as the 100th largest tea importer globally. Tea stood as the 184th most imported product in Mongolia during the same year. Mongolia primarily sourced its tea imports from Russia, accounting for a significant share at $1.46 million. Other notable import sources included Sri Lanka at $1.2 million, China at $809k, Georgia at $501k, and the United Arab Emirates at $312k.
Expanding Import Markets
Mongolia experienced notable growth in tea imports between 2020 and 2021, indicating its willingness to explore a diverse range of tea flavors from around the world. The fastest-growing import markets for tea in Mongolia during this period were Russia, showcasing a substantial increase of $705k, followed by the United Arab Emirates at $251k, and Singapore at $148k. These figures underscore Mongolia’s efforts to diversify its tea offerings and provide its tea-loving population with a wider array of options.
In 2018, the average tariff for Mongolia on tea imports was 4.99%. While Mongolia maintains a relatively low average tariff, certain countries have higher import tariffs for tea, including Angola, Burundi, Benin, Burkina Faso, and Botswana, all imposing a Most Favoured Nation duty rate treatment of 5%. Despite these tariffs, Mongolia continues to navigate the tea trade landscape, seeking opportunities for growth and collaboration.
Where Does Mongolia Import Its Tea (2021)
|Asia||United Arab Emirates||311,817|
|North America||United States||49,968|
Potential Of Tea Import and Export Between Vietnam-Mongolia
While the bilateral trade between Vietnam and Mongolia may not currently reach significant levels, it is worth noting that Mongolia’s tea imports in 2021 amounted to a total value of $7. Recognizing this, it becomes evident that Vietnam, as a global leader in tea production and export, has immense potential to collaborate with Mongolia in introducing Vietnamese tea to the Mongolian market in the foreseeable future.
Mongolia’s tea trade represents its journey in the global market as it combines its distinct cultural heritage with the flavors of tea. As a tea exporter, Mongolia finds its main markets in South Korea, the United States, Russia, Czechia, and France, catering to the diverse palates of tea enthusiasts worldwide. Meanwhile, as a tea importer, Mongolia sources its tea primarily from Russia, Sri Lanka, China, Georgia, and the United Arab Emirates, enriching its local market with a wide range of tea varieties. By embracing emerging markets and embracing the global tea culture, Mongolia is positioned to establish itself as a notable player in the international tea trade, captivating tea lovers with its distinctive brews and fostering cross-cultural exchanges.