Mongolia Balance of Trade

Last Release

Mar 31, 2025

Actual

171.7

Units In

USD Million

247.8

Frequency

Monthly

Next Release

May 14, 2025

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
776.1 Mar 2023	-369.8 Jul 2012	56 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 171.7 million in March 2025 from USD 648.7 million in the same month of the previous year. Exports plunged 31.3% year-on-year to USD 1008.3 million, while imports edged up 2.1% to USD 836.7 million. For the January–March period, the trade surplus shrank to USD 465.1 million from USD 1236 million a year earlier. Exports declined 17.5% to USD 3013.0 million, driven by lower sales of coal, gold, sheep and goat meat, iron ore and concentrates, and crude petroleum oils. China remained Mongolia’s largest export market, accounting for 92.2% of outbound shipments, with coal (48.3%) and copper ores and concentrates (33.5%) making up the bulk of exports. Meanwhile, imports rose 5.5% to USD 2548.0 million, mainly due to higher purchases of cars, diesel, spare parts for vehicles, trucks and telephone sets. Among trading partners, China accounted for the largest share of imports (33.1%), followed by Russia (27.6%) and Japan (13.8%).