Mongolia’s trade surplus expanded to USD 597.7 million in April 2023 from USD 231.9 million in the same month of the previous year. Exports jumped by 48% yoy to USD 1,318.4 million, boosted by soaring sales of live animals & animals origin products (+746.2%), mineral products (+93.2%), and raw & processed hides, skins, fur & articles thereof (+44.9%). Meanwhile, imports rose 9.3% to USD 720.7 million, mostly due to higher purchases of vehicles (+61.4%), mineral products (+27.5%), and machinery, equipment, electric appliances, recorders, TV, sets & spare parts (+24.7%). Among major trading partners, China, Switzerland, and the Republic of Korea made the largest contribution to exports. In imports, China also had the highest portion, followed by Russia and Japan. source: National Statistical Office of Mongolia
Balance of Trade in Mongolia averaged 33.94 USD Million from 1997 until 2023, reaching an all time high of 776.10 USD Million in March of 2023 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 June of 2023.
Balance of Trade in Mongolia is expected to be 710.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Balance of Trade is projected to trend around 550.00 USD Million in 2024 and 510.00 USD Million in 2025, according to our econometric models.