Imports to Mongolia fell 8.1 percent year-on-year in May 2019, 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). Imports in Mongolia averaged 234.82 USD Million from 1997 until 2019, reaching an all time high of 748.75 USD Million in August of 2011 and a record low of 14.66 USD Million in January of 1999.
Imports in Mongolia is expected to be 585.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Mongolia to stand at 455.00 in 12 months time. In the long-term, the Mongolia Imports is projected to trend around 522.00 USD Million in 2020, according to our econometric models.