Inner Mongolia Autonomous Region

Overview In December 2024 Inner Mongolia Autonomous Region exported $1.19B and imported $1.47B, resulting in a negative trade balance of $281M. Between December 2023 and December 2024 the exports of Inner Mongolia Autonomous Region have decreased by $-306M (-20.4%) from $1.5B to $1.19B, while imports decreased by $-444M (-23.1%) from $1.92B to $1.47B.

Trade In December 2024, the top exports of Inner Mongolia Autonomous Region were Oxygen Amino Compounds ($120M), Sunflower Seeds ($93.6M), Delivery Trucks ($69.6M), Electric Batteries ($46.4M), and Locust beans, seaweed, sugar beet, cane,... ($34M). In December 2024 the top imports of Inner Mongolia Autonomous Region were Copper Ore ($541M), Coal Briquettes ($392M), Iron Ore ($124M), Lead Ore ($47.2M), and Lignite ($35.2M).

Destinations In December 2024, Inner Mongolia Autonomous Region exported mostly to Russia ($237M), United States ($112M), Mongolia ($73.4M), Hong Kong ($51.9M), and Vietnam ($47.4M), and imported mostly from Mongolia ($784M), Russia ($155M), Chile ($113M), Australia ($96.9M), and United States ($49.7M).

Growth In December 2024, the decrease in Inner Mongolia Autonomous Region's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-116M or -83.3%), Malaysia ($-46.1M or -67.1%), and Hong Kong ($-38M or -42.3%), and product exports decrease in Tractors ($-59.2M or -83.7%), Integrated Circuits ($-22.8M or -99.9%), and Trunks and Cases ($-22.1M or -89.2%). In December 2024, the decrease in Inner Mongolia Autonomous Region's year-by-year imports was explained primarily by an decrease in imports from Mongolia ($-200M or -20.4%), Australia ($-119M or -55.1%), and Malaysia ($-108M or -99.3%), and product imports decrease in Coal Briquettes ($-424M or -52%), Crude Petroleum ($-106M or -97.3%), and Iron Ore ($-92.1M or -42.7%).