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Mongolia: Trade Statistics

Exporter Rank

78 / 127

Importer Rank

93 / 127

Trade Balance Rank

37 / 127

Total Trade [1]

Total Exports (2019) $7,619,753,899
Total Imports (2019) $6,127,355,631
Trade Balance (2019) $1,492,398,268
Exports of goods and services (% of GDP) (2020) [2] 57.66%
Imports of goods and services (% of GDP) (2020) [2] 55.18%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $6,772,662,873
United Kingdom $291,092,228
Singapore $154,580,629
Switzerland $74,986,343
Russia $68,093,301
Italy $45,298,764
Australia $39,612,579
South Korea $27,814,983
United States $25,997,482
Iran $21,137,919

Import Partners

Top 10 Import Countries

Country Import USD$
China $2,036,805,066
Russia $1,729,863,706
Japan $585,477,274
United States $289,626,805
South Korea $266,965,194
Germany $188,807,014
Poland $64,450,569
Italy $60,052,835
Australia $57,069,468
Vietnam $56,968,655

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

Top 10 Export Goods

HS Code Export USD$
(27) Oil & Mineral Fuels $3,485,104,005
(26) Ores $2,686,198,519
(71) Precious Stones & Metals $419,075,827
(51) Wool $374,567,723
(25) Natural Minerals & Stone $206,166,187
(02) Meat $84,526,778
(74) Copper $68,912,416
(16) Prepared Meats $50,362,341
(61) Apparel: Knit $50,315,517
(88) Aircraft $42,245,212

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $1,359,922,287
(87) Motor Vehicles & Parts $991,750,257
(84) Industrial Machinery $867,579,272
(85) Electrical Machinery $373,099,810
(73) Iron & Steel Articles $294,419,425
(72) Iron & Steel $194,304,225
(88) Aircraft $157,510,880
(39) Plastics $138,693,447
(40) Rubber $121,558,946
(30) Pharmaceuticals $107,886,667

Sources:

  1. UN Comtrade (2019) except where stated otherwise.
  2. The World Bank. Accessed: 1/21/2022
Mongolia