Mongolia Balance of Trade

Last Release

May 31, 2025

Actual

201

Units In

USD Million

219

Frequency

Monthly

Next Release

Jul 14, 2025

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
776.1 Mar 2023	-369.8 Jul 2012	56.9 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 201.0 million in May 2025 from USD 548.8 million in the same month of the previous. Exports fell by 16.7% year-on-year to USD 1,182.0 million, while imports rose by 1.2% to USD 981.0 million. For the January–May period, the trade surplus shrank to USD 884.5 million from USD 1,962.3 million a year earlier. Exports declined by 14.7% from a year earlier to USD 5,424.6 million from USD, driven by lower sales of coal, washed cashmere, crude petroleum oils, and iron ore and concentrates. China remained Mongolia’s largest export market, accounting for 91.9% of outbound shipments, coal made up 45.8% of exports, followed by copper ores and concentrates at 37.2%. Meanwhile, imports rose by 3.3% to USD 4,540.1 million, mainly due to higher purchases of cars, spare parts for vehicles, and mobile phones. Among trading partners, China accounted for the largest share of imports (36.9%), followed by Russia (24.3%) and Japan (13.2%).