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.

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Mongolia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-18 09:30 AM Mar $779.1M $655.6M $ 710M
2023-05-24 09:30 AM Apr $597.7M $776.1M $750.0M
2023-06-23 09:30 AM May $597.7M


Related Last Previous Unit Reference
Balance of Trade 597.70 776.10 USD Million Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
597.70 776.10 776.10 -369.80 1997 - 2023 USD Million Monthly

News Stream
Mongolia Trade Surplus Expands in April
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.
2023-05-24
Mongolia Trade Surplus Widens in March
Mongolia’s trade surplus widened to USD 779.1 million in March 2023, from USD 85.7 million in the same month of the previous year. Exports surged 96% to USD 1,520.5 million, boosted by the increase in sales of iron ores & concentrates (190.5%), copper concentrates (88.8%), and gold, unwrought or in semi-manufactured forms (54.2%), while imports rose 14.7% to USD 741.5 million, mostly due to higher purchases of diesel (172.7%), cars (112.6%), and electricity (107.9%). Among major trading partners, China accounted for the largest contribution in exports (92.5%), followed by Switzerland (3.5%) and Republic of Korea (1.4%), while on imports, China also had the highest portion (38.5%), followed by Russia (26.7%), and Japan (7.8%).
2023-04-18
Mongolia Trade Balance Swings to Surplus
Mongolia posted a trade surplus of USD 389.7 million in January 2023, shifting from a deficit of USD 16.9 million in the same period last year. Exports surged 99.7 percent to USD 1,077.69 million, boosted by the sharp growth in sales of mineral products (155.7 percent), food products (6,893.6 percent) and vegetable origin products (1,540.7 percent). Meanwhile, imports rose by 23.6 percent to USD 687.99 million, amid increase in arrivals of plastic & rubber (44.4 percent), mineral products (36.9 percent) and base metals (26.9 percent). Among trading partners, China accounted for the largest share in exports (86.4 percent), followed by Switzerland (11.3 percent), while on imports, China also had the highest portion at 36 percent, followed by Russia (29.2 percent) and Japan (9.7 percent).
2023-02-14