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). Balance of Trade in Mongolia averaged -2.45 USD Million from 1997 until 2019, 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.

Balance of Trade in Mongolia is expected to be 63.00 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 205.00 in 12 months time. In the long-term, the Mongolia Balance of Trade is projected to trend around 220.00 USD Million in 2020, according to our econometric models.

Mongolia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-15 09:00 AM Balance of Trade Mar $229.8M $152.8M $ 95M
2019-05-15 08:00 AM Balance of Trade Apr $259.8M $229.8M $200M
2019-06-12 09:45 AM Balance of Trade May $202.6M $259.8M $165M
2019-07-18 09:00 AM Balance of Trade Jun $96.8M $202.6M $120M
2019-08-15 08:15 AM Balance of Trade Jul $96.8M $51M
2019-09-12 07:25 AM Balance of Trade Aug $22M
2019-10-15 08:30 AM Balance of Trade Sep $ 63M


Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 96.80 202.60 361.60 -369.80 USD Million [+]
Current Account -46.98 -4.10 132.80 -627.90 USD Million [+]
Current Account to GDP -14.60 -10.10 5.43 -27.40 percent [+]
Exports 675.62 751.38 759.80 15.44 USD Million [+]
Imports 578.74 548.81 748.75 14.66 USD Million [+]
Foreign Direct Investment 19955.50 19379.30 20903.50 8444.70 USD Million [+]
Capital Flows -47.95 -54.59 280.00 -931.10 USD Million [+]
Gold Reserves 15.80 18.70 18.70 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Remittances 6.70 7.30 18.61 -9.01 USD Million [+]
External Debt 29521757.18 28743089.44 29521757.18 2110586.64 USD Thousand [+]
Crude Oil Production 20.00 20.00 27.85 0.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Mongolia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
96.80 202.60 361.60 -369.80 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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