Overview In February 2023, China exported $185M and imported $1.03B from Mongolia, resulting in a negative trade balance of $846M. Between February 2022 and February 2023 the exports of China have increased by $59.2M (46.9%) from $126M to $185M, while imports increased by $665M (182%) from $366M to $1.03B.
Trade In February 2023, the top exports of China to Mongolia were Electricity ($11.8M), Other Iron Products ($6.58M), Glues ($4.13M), Tractors ($3.72M), and Trailers and semi-trailers, not mechanically propelled... ($3.48M). In February 2023 the top imports of China from Mongolia were Copper Ore ($145M), Coal Briquettes ($120M), Animal Hair ($41.1M), Molybdenum Ore ($6.6M), and Zinc Ore ($2.83M).
Origins In February 2023 the exports of China were mainly from Inner Mongolia Autonomous Region ($38.9M), Shandong Province ($24.5M), Hebei Province ($13.4M), Jiangsu Province ($13M), and Tianjin ($12.6M), while imports destinations were mainly Inner Mongolia Autonomous Region ($709M), Fujian Province ($106M), Beijing ($33.9M), Tianjin ($28M), and Gansu Province ($26M).
Growth In February 2023, the increase in China's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Other Iron Products ($4.6M or 232%), Stone Processing Machines ($1.93M or 134%), and Liquid Pumps ($1.1M or 185%). In February 2023, the increase in China's year-by-year imports from Mongolia was explained primarily by an increase in product imports in Animal Hair ($32.9M or 403%), Molybdenum Ore ($3.94M or 148%), and Commodities not elsewhere specified ($204k or 1.5k%).
China / Mongolia 
