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Mongolia: Trade Statistics

Exporter Rank

88 / 146

Importer Rank

114 / 145

Trade Balance Rank

31 / 145

Total Trade [1]

Total Exports (2016) $4,916,326,458
Total Imports (2016) $3,339,603,834
Trade Balance (2016) $1,576,722,624
Exports of goods and services (% of GDP) (2017) [2] 59.47%
Imports of goods and services (% of GDP) (2017) [2] 57.12%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $3,883,128,125
United Kingdom $786,875,707
Russia $55,769,058
Germany $43,386,472
Italy $33,579,288
Singapore $16,913,245
Japan $14,031,747
Hong Kong $10,482,769
United States $10,461,515
South Korea $8,470,417

Import Partners

Top 10 Import Countries

Country Import USD$
China $1,040,232,836
Russia $861,885,671
Japan $330,608,393
South Korea $197,888,962
United States $139,377,416
Germany $120,024,448
Malaysia $41,075,583
Poland $40,754,446
Vietnam $40,139,187
Ukraine $35,046,259

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(26) Ores $2,108,362,276
(27) Oil & Mineral Fuels $1,316,689,485
(71) Precious Stones & Metals $761,511,222
(51) Wool $267,775,048
(74) Copper $75,019,182
(84) Industrial Machinery $61,471,876
(25) Natural Minerals & Stone $58,994,797
(88) Aircraft $37,239,274
(08) Fruit & Nuts $33,382,882
(87) Motor Vehicles & Parts $32,238,544

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $680,535,668
(87) Motor Vehicles & Parts $397,825,771
(84) Industrial Machinery $375,097,396
(85) Electrical Machinery $305,301,366
(73) Iron & Steel Articles $125,833,212
(30) Pharmaceuticals $90,873,918
(39) Plastics $76,022,070
(21) Prepared Foods $61,621,522
(40) Rubber $60,980,644
(94) Furniture $60,655,274

Sources:

  1. UN Comtrade (2016) except where stated otherwise.
  2. The World Bank. Accessed: 6/29/2018
Mongolia