China / Mongolia

Overview In February 2024, China exported $183M and imported $903M from Mongolia, resulting in a negative trade balance of $720M. Between February 2023 and February 2024 the exports of China have decreased by $-2.85M (-1.53%) from $185M to $183M, while imports decreased by $-129M (-12.5%) from $1.03B to $903M.

Trade In February 2024, the top exports of China to Mongolia were Trailers and semi-trailers, not mechanically propelled... ($12.5M), Tractors ($12.4M), Delivery Trucks ($12.2M), Buses ($11.7M), and Electricity ($11.4M). In February 2024 the top imports of China from Mongolia were Coal Briquettes ($521M), Copper Ore ($217M), Other Nuts ($30.4M), Crude Petroleum ($28.9M), and Iron Ore ($18.7M).

Origins In February 2024 the exports of China were mainly from Inner Mongolia Autonomous Region ($37M), Tianjin ($26.3M), Guangdong Province ($24.1M), Beijing ($17.5M), and Shandong Province ($13.1M), while imports destinations were mainly Inner Mongolia Autonomous Region ($662M), Fujian Province ($68.9M), Beijing ($55.3M), Jiangsu Province ($15.9M), and Sichuan Province ($15.5M).

Growth In February 2024, the decrease in China's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Glues ($-3.91M or -94.7%), Railway Cargo Containers ($-2.55M or -99%), and Medical Instruments ($-1.64M or -71.4%). In February 2024, the decrease in China's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Animal Hair ($-39.2M or -95.3%), Refined Copper ($-1.34M or -88.1%), and Non-Knit Women's Coats ($-191k or -92.9%).