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). Balance of Trade in Mongolia averaged -3.58 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 120.00 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 230.00 in 12 months time. In the long-term, the Mongolia Balance of Trade is projected to trend around 35.00 USD Million in 2020, according to our econometric models.

Mongolia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 10:30 AM Balance of Trade $103.3M $27.5M
2019-03-12 09:00 AM Balance of Trade $152.8M $103.3M
2019-04-15 09:00 AM Balance of Trade $229.8M $152.8M $ 95M
2019-05-15 08:00 AM Balance of Trade $259.8M $229.8M $200M
2019-06-12 09:45 AM Balance of Trade $259.8M $165M
2019-07-15 07:00 AM Balance of Trade $ 120M
2019-08-15 08:15 AM Balance of Trade $51M


Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 259.80 229.80 361.60 -369.80 USD Million [+]
Current Account -56.60 -107.80 132.80 -627.90 USD Million [+]
Current Account to GDP -14.60 -10.10 5.43 -27.40 percent [+]
Exports 740.32 678.00 759.80 15.44 USD Million [+]
Imports 480.49 448.20 748.75 14.66 USD Million [+]
Foreign Direct Investment 19955.50 19379.30 20903.50 8444.70 USD Million [+]
Capital Flows -26.10 -218.20 280.00 -931.10 USD Million [+]
Gold Reserves 18.70 15.10 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 28743089.44 27911253.68 28743089.44 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
259.80 229.80 361.60 -369.80 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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