Mongolia is the 96th largest export economy in the world and the 93rd most complex economy according to the Economic Complexity Index (ECI). In 2017, Mongolia exported $6.88B and imported $4.5B, resulting in a positive trade balance of $2.39B. In 2017 the GDP of Mongolia was $11.4B and its GDP per capita was $12.9k.
The top exports of Mongolia are Coal Briquettes ($2.27B), Copper Ore ($1.63B), Gold ($1.26B), Crude Petroleum ($369M) and Iron Ore ($299M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($803M), Cars ($263M), Delivery Trucks ($177M), Electricity ($136M) and Large Construction Vehicles ($87.9M).
The top export destinations of Mongolia are China ($5.23B), the United Kingdom ($663M), Switzerland ($662M), Russia ($57.4M) and Italy ($51.6M). The top import origins are China ($1.42B), Russia ($1.25B), Japan ($389M), South Korea ($203M) and the United States ($197M).