Mongolia Balanza Comercial

Mongolia’s trade surplus narrowed sharply to USD 194.8 million in June 2025 from USD 548.8 million in the same month of the previous year. Exports plunged by 22.8% year-on-year to USD 1,183 million, while imports rose by 0.5% to USD 988 million. For the January to June period, the trade surplus contracted to USD 1,053.2 million from USD 2,511.1 million a year earlier. Exports dropped by 16.6% from a year earlier to USD 6,581.4, driven by sales of coal, washed cashmere, crude oil, sheep and goat meat, and iron ore and concentrates. China remained Mongolia’s top export market, accounting for 91.7% of outbound shipments, with coal and copper ores and concentrates (44%) making up the bulk of exports. Meanwhile, imports rose by 2.8% to USD 5,528.2 million, mainly due to higher purchases of passenger cars, vehicle spare parts and components, mobile phones, and alcoholic beverages. China accounted for the largest share of imports (38.3%), followed by Russia (23.6%), and Japan (12.7%).