Overview: This page contains the latest international trade data for Mongolia, including service trade data, and tariffs. In 2018 Mongolia was the number 133 economy in the world in terms of GDP (current US$), the number 99 in total exports, the number 126 in total imports, and the number 106 most complex economy according to the Economic Complexity Index (ECI). In 2018, Mongolia exported $7.71B and imported $5.76B, resulting in a positive trade balance of $1.95B. In 2018, Mongolia's exports per capita were $2.43k and its imports per capita were $1.82k.
Trade: The top exports of Mongolia are Coal Briquettes ($2.78B), Copper Ore ($2.01B), Gold ($870M), Crude Petroleum ($391M), and Iron Ore ($342M). The top imports of Mongolia are Refined Petroleum ($1.03B), Cars ($400M), Delivery Trucks ($251M), Electricity ($143M), and Large Construction Vehicles ($125M).
Destinations: Mongolia exports mostly to China ($6.36B), Switzerland ($727M), United Kingdom ($173M), Russia ($84.9M), and Italy ($73.7M), and imports mostly from China ($1.86B), Russia ($1.62B), Japan ($540M), South Korea ($308M), and United States ($177M).
Location: Mongolia borders China and Russia by land.