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Mongolia: Trade Statistics

Exporter Rank

77 / 119

Importer Rank

94 / 119

Trade Balance Rank

30 / 119

Total Trade [1]

Total Exports (2018) $7,011,757,684
Total Imports (2018) $5,874,787,944
Trade Balance (2018) $1,136,969,740
Exports of goods and services (% of GDP) (2018) [2] 58.66%
Imports of goods and services (% of GDP) (2018) [2] 64.23%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $6,505,529,538
United Kingdom $172,856,021
Russia $85,935,954
Italy $54,078,081
Singapore $30,008,422
Japan $26,468,390
South Korea $21,200,429
Germany $12,280,691
Hong Kong $11,823,802
Vietnam $9,648,267

Import Partners

Top 10 Import Countries

Country Import USD$
China $1,968,833,499
Russia $1,710,347,258
Japan $561,042,245
South Korea $262,365,972
United States $211,547,365
Germany $168,721,898
Poland $58,027,051
Italy $54,726,543
India $51,751,571
Malaysia $50,277,519

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

Top 10 Export Goods

HS Code Export USD$
(27) Oil & Mineral Fuels $3,210,393,995
(26) Ores $2,670,047,536
(51) Wool $362,815,206
(25) Natural Minerals & Stone $189,897,639
(71) Precious Stones & Metals $145,480,745
(02) Meat $86,159,819
(74) Copper $82,459,245
(16) Prepared Meats $79,659,936
(61) Apparel: Knit $38,073,954
(84) Industrial Machinery $21,454,121

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $1,314,652,515
(87) Motor Vehicles & Parts $827,646,449
(84) Industrial Machinery $797,053,058
(85) Electrical Machinery $488,665,252
(73) Iron & Steel Articles $322,623,885
(72) Iron & Steel $153,109,336
(39) Plastics $126,634,368
(30) Pharmaceuticals $118,075,269
(90) Precision Instruments $102,691,735
(40) Rubber $100,161,098

Sources:

  1. UN Comtrade (2018) except where stated otherwise.
  2. The World Bank. Accessed: 6/3/2020
Mongolia