Mongolia recorded a trade deficit of 14.30 USD Million in January of 2020. Mongolia Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Mongolia averaged -0.82 USD Million from 1997 until 2020, reaching an all time high of 361.60 USD Million in December of 2016 and a record low of -369.80 USD Million in July of 2012. This page provides - Mongolia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Mongolia is expected to be 205.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Mongolia to stand at 35.00 in 12 months time. In the long-term, the Mongolia Balance of Trade is projected to trend around 220.00 USD Million in 2021 and 35.00 USD Million in 2022, according to our econometric models.


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Mongolia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-14.30 20.50 361.60 -369.80 1997 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-15 11:00 AM Oct $116.9M $51.4M $145M
2019-12-12 08:00 AM Nov $7.6M $116.9M $42M
2020-01-17 09:00 AM Dec $20.5M $7.6M $ 31M
2020-02-17 09:00 AM Jan $-14.3M $20.5M
2020-03-16 09:00 AM Feb $-14.3M $2.5M
2020-04-15 09:00 AM Mar $ 230M
2020-05-15 09:00 AM Apr
2020-06-15 09:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mongolia Trade Surplus Narrows 16.4% YoY in June
Mongolia's trade surplus shrank to USD 96.9 million in June of 2019 from USD 115.9 million in the same month a year ago. Exports fell 3.0 percent to USD 675.6 million, mostly due to a decrease in sales of mineral products (-6.8 percent) and textiles & related articles (-12.8 percent) while increases were recorded in Machinery, equipment, electric appliances, recorders, TV sets & spare parts (906 percent). Among major trading partners, shipments declined to China (-9.6 percent) and Italy (-25.2 percent) while rose to the UK (869 percent). Meantime, imports dropped 0.3 percent to USD 578.7 million, boosted by lower purchases chemical & chemical industry products (-4.8 percent) while those went up for auto, air & water transport vehicles (3.9 percent). Imports declined from Russia (-21.9 percent) while those from China increased (12.7 percent).
2019-07-19
Mongolia Trade Surplus Widens 24.4% in May
Mongolia's trade surplus widened to USD 202.6 million in May 2019 from USD 162.9 million in the same month of the previous year. Imports fell 8.1 percent, dragged down by lower purchases of auto, air & water transport vehicles (-2.7 percent) and machinery, equipment & electric appliances (-9.1 percent). Among major trading partners, imports dropped from China (-29.3 percent) and Russia (-13.3 percent) while those rose from Japan (20.6 percent). Meantime, exports went down at a softer 1.1 percent, mostly due to lower sales of base metals (-37.5 percent). Shipments declined to China (-1.4 percent) and Italy (-19.3 percent) while those increased to Singapore (40.6 percent).
2019-06-12
Mongolia Trade Surplus Widens 35.7% in April
Mongolia's trade surplus widened to USD 259.8 million in April 2019 from USD 191.5 million in the same month of the previous year. Exports jumped 15.1 percent to USD 740.3 million, mostly due to an increase in sales of mineral products (16.4 percent) and textiles & related articles (47.1 percent).Among major trading partners, shipments advanced to China (17.9 percent) while those declined to Russia (-8.1 percent) and the UK (-75.9 percent). Meantime, imports rose 6.4 percent to USD 480.5 million, boosted by higher purchases of mineral products (13.9 percent) and auto, air & water transport vehicles (22.6 percent) while those dropped for machinery, equipment & electric appliances (-18.3 percent). Imports rose from China (5.1 percent) and Russia (8.9 percent) while dropped from Japan (-6.4 percent).
2019-05-15
Mongolia Trade Surplus Narrows 4.1% YoY in March
Mongolia's trade surplus shrank to USD 229.8 million in March of 2019 from USD 239.6 million in the same month a year ago. Exports went up 5.3 percent to USD 678 million, mostly due to an increase in sales of mineral products (16.2 percent) and live animals & animal origin products (45.4 percent) while decreases were recorded in textiles & related articles (-14.7 percent). Among major trading partners, shipments advanced to China (15.4 percent) while declined to Russia (-21.6 percent). Imports increased 10.8 percent to USD 448.2 million, boosted by higher purchases of TV sets & spare parts (10.9 percent) and basic metals (10.8 percent) while those dropped for chemical & chemical industry products (-8.5 percent). Imports rose from China (14.9 percent) while those from Russia decreased (-3.9 percent).
2019-04-15

Mongolia Balance of Trade
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.