Exports from Mongolia fell 3.0 percent year-on-year to USD 675.6 million in June 2019, 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). Exports in Mongolia averaged 231.46 USD Million from 1997 until 2019, reaching an all time high of 759.80 USD Million in May of 2018 and a record low of 15.44 USD Million in January of 1999.
Exports in Mongolia is expected to be 619.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Mongolia to stand at 715.00 in 12 months time. In the long-term, the Mongolia Exports is projected to trend around 557.00 USD Million in 2020, according to our econometric models.