Inner Mongolia Autonomous Region

Overview In February 2024 Inner Mongolia Autonomous Region exported $620M and imported $1.29B, resulting in a negative trade balance of $666M. Between February 2023 and February 2024 the exports of Inner Mongolia Autonomous Region have decreased by $-131M (-17.5%) from $751M to $620M, while imports decreased by $-135M (-9.49%) from $1.42B to $1.29B.

Trade In February 2024, the top exports of Inner Mongolia Autonomous Region were Oxygen Amino Compounds ($108M), Sunflower Seeds ($49.5M), Tractors ($43.6M), Coated Flat-Rolled Iron ($32M), and Hot-Rolled Iron ($26M). In February 2024 the top imports of Inner Mongolia Autonomous Region were Coal Briquettes ($443M), Copper Ore ($395M), Iron Ore ($113M), Refined Petroleum ($85.2M), and Zinc Ore ($22.5M).

Destinations In February 2024, Inner Mongolia Autonomous Region exported mostly to Russia ($134M), Mongolia ($37M), South Korea ($35.8M), Indonesia ($28.8M), and United States ($27.5M), and imported mostly from Mongolia ($662M), Russia ($155M), Australia ($98.5M), Malaysia ($82.3M), and Peru ($70.5M).

Growth In February 2024, the decrease in Inner Mongolia Autonomous Region's year-by-year exports was explained primarily by an decrease in exports to Vietnam ($-40.6M or -57.8%), Thailand ($-21.5M or -46%), and South Korea ($-19.1M or -34.7%), and product exports decrease in Integrated Circuits ($-48.9M or -100%), Oxygen Amino Compounds ($-24.7M or -22%), and Flat panel displays ($-23.9M or -68.3%). In February 2024, the decrease in Inner Mongolia Autonomous Region's year-by-year imports was explained primarily by an decrease in imports from New Zealand ($-86.6M or -59.3%), Malaysia ($-70.7M or -98.8%), and Australia ($-11.3M or -14.5%), and product imports decrease in Concentrated Milk ($-86.8M or -58.9%), Crude Petroleum ($-69.6M or -49%), and Rough Wood ($-7.62M or -67.9%).