Mongolia

Overview In 2021, Mongolia was the number 126 economy in the world in terms of GDP (current US$), the number 95 in total exports, the number 129 in total imports, the number 128 economy in terms of GDP per capita (current US$) and the number 117 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mongolia are Copper Ore ($2.9B), Coal Briquettes ($2.74B), Gold ($2.11B), Iron Ore ($945M), and Animal Hair ($325M), exporting mostly to China ($7.64B), Switzerland ($1.97B), Singapore ($255M), South Korea ($221M), and Russia ($114M).

In 2021, Mongolia was the world's biggest exporter of Animal Hair ($325M)

Imports The top imports of Mongolia are Refined Petroleum ($1.01B), Cars ($420M), Delivery Trucks ($303M), Trailers and semi-trailers, not mechanically propelled vehicles ($204M), and Electricity ($161M), importing mostly from China ($2.5B), Russia ($1.81B), Japan ($484M), South Korea ($366M), and Germany ($199M).

Location Mongolia borders China and Russia by land.