Mongolia Balance of Trade

Last Release

Jan 31, 2025

Actual

Units In

USD Million

159.3

Frequency

Monthly

Next Release

Mar 18, 2025

Time to Release

27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
776.1 Mar 2023	-369.8 Jul 2012	55.08 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 sharply to USD 46 million in January 2025, down from USD 331.9 million in the same month a year earlier. This marks the smallest trade surplus since the deficit in January 2022, as exports plunged by 19.5% year-on-year to USD 1,019.2 million, mainly due to lower sales of mineral products (-23.8%), particularly bituminous coal (-44.1%). Among trading partners, China accounted for the largest share of outbound shipments at 91%, with coal and copper ores and concentrates making up 51.0% and 28.4% of total exports to China, respectively. Meanwhile, imports rose 4.1% year-on-year to USD 973.2 million, driven by increased purchases of mineral products (+4%) and machinery, equipment, and electrical appliances (+21.7%). Regarding trading partners, China held the largest share of imports at 32.8%, followed by Russia (26.5%), Japan (14.5%), and the US (7.2%).