Overview In 2019 Mongolia was the number 128 economy in the world in terms of GDP (current US$), the number 95 in total exports, the number 124 in total imports,
the number 114 economy in terms of GDP per capita (current US$) and the number 125 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Mongolia are Coal Briquettes ($3.07B), Copper Ore ($1.79B), Gold ($1.04B), Iron Ore ($572M), and Crude Petroleum ($365M), exporting mostly to China ($6.59B), Switzerland ($700M), United Kingdom ($296M), Singapore ($155M), and Italy ($74.2M).
Imports The top imports of Mongolia are Refined Petroleum ($1.15B), Cars ($384M), Delivery Trucks ($383M), Large Construction Vehicles ($208M), and Planes, Helicopters, and/or Spacecraft ($165M), importing mostly from China ($1.95B), Russia ($1.78B), Japan ($594M), South Korea ($287M), and United States ($270M).
Location Mongolia borders China and Russia by land.