Mongolia recorded a trade surplus of 419.40 USD Million in November of 2020. source: National Statistical Office of Mongolia

Balance of Trade in Mongolia averaged 6.11 USD Million from 1997 until 2020, reaching an all time high of 478.60 USD Million in July of 2020 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. Mongolia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Balance of Trade in Mongolia is expected to be 35.00 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 31.00 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
419.40 330.20 478.60 -369.80 1997 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-09-15 09:00 AM Aug $179M $479M $355M
2020-10-15 09:00 AM Sep $193M $179M $ 124M
2020-12-10 09:00 AM Oct $330M $193M $178M
2020-12-29 09:00 AM Nov $419M $330M $230M
2021-01-18 09:00 AM Dec $419M $350M
2021-02-17 09:00 AM Jan
2021-03-16 09:00 AM Feb
2021-04-15 09:00 AM Mar

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.