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Mongolia: Trade Statistics

Exporter Rank

83 / 138

Importer Rank

103 / 138

Trade Balance Rank

35 / 138

Total Trade [1]

Total Exports (2021) $9,241,123,149
Total Imports (2021) $6,844,468,531
Trade Balance (2021) $2,396,654,618
Exports of goods and services (% of GDP) (2022) [2] 69.69%
Imports of goods and services (% of GDP) (2022) [2] 75.26%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $7,633,173,306
Switzerland $869,738,463
Singapore $254,091,272
South Korea $223,303,237
Russia $112,783,885
Italy $35,559,649
United States $31,029,758
Japan $17,732,618
Germany $12,188,104
United Kingdom $10,136,991

Import Partners

Top 10 Import Countries

Country Import USD$
China $2,490,422,369
Russia $1,955,111,861
Japan $453,161,213
South Korea $308,744,261
Germany $222,742,084
United States $213,493,761
Poland $83,357,427
Vietnam $79,716,589
Turkey $71,203,580
France $68,878,211

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

Top 10 Export Goods

HS Code Export USD$
(26) Ores $4,309,868,027
(27) Oil & Mineral Fuels $3,056,565,444
(71) Precious Stones & Metals $1,025,376,618
(51) Wool $325,594,314
(25) Natural Minerals & Stone $144,004,220
(74) Copper $88,737,756
(08) Fruit & Nuts $85,324,094
(61) Apparel: Knit $39,426,541
(16) Prepared Meats $38,427,860
(88) Aircraft $23,159,164

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $1,329,389,700
(87) Motor Vehicles & Parts $1,110,075,124
(84) Industrial Machinery $766,406,703
(85) Electrical Machinery $482,291,253
(30) Pharmaceuticals $284,108,907
(73) Iron & Steel Articles $275,654,533
(72) Iron & Steel $236,307,617
(21) Prepared Foods $151,942,658
(39) Plastics $144,686,031
(90) Precision Instruments $119,838,685

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Mongolia