Mongolia Balance of Trade

Last Release

Feb 28, 2025

Actual

247.8

Units In

USD Million

46.2

Frequency

Monthly

Next Release

Apr 14, 2025

Time to Release

24 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
776.1 Mar 2023	-369.8 Jul 2012	55.66 USD Million	1997-2025	National Statistical Office of Mongolia

Mongolia exports mineral products (copper, coal, molybdenum, tin, tungsten, and gold), natural or cultured stones, jewelry, cashmere, animal origin products, hides and skins. Mongolia's main exports partner is China (89% of total exports). Others include: Canada and Russia. Mongolia imports mainly mineral products, machinery, equipment, electric appliances, recorders,TV sets & spare parts, vehicles, food products and base metals. Mongolia's main import partners are Russia (22% of total) and China (26%). Others include Japan, USA and Germany.

Latest Updates

Mongolia’s trade surplus narrowed to USD 247.8 million in February 2025 from USD 255.4 million in the same month of the previous year. Exports rose 7.6% year-on-year to USD 985.6 million, while imports increased 11.7% to USD 737.7 million. For the January–February period, the trade surplus shrank to USD 294 million from USD 587.3 million a year earlier. Exports declined 8.1% to USD 2,005 million, driven by lower sales of live animals and animal-origin products (-37.7%) and textiles & textile articles (-26.3%). China remained Mongolia’s largest export market, accounting for 89.3% of outbound shipments, with coal (50.5%) and copper ores and concentrates (30.9%) making up the bulk of exports. Meanwhile, imports rose 7.3% to USD 1.711 billion, mainly due to higher purchases of machinery, equipment, and electrical appliances (+16.9%) and base metals (+15.3%). Among trading partners, China accounted for the largest share of imports (30.8%), followed by Russia (28.9%) and Japan (14.1%).