China / Mongolia

Overview In December 2024, China exported $318M and imported $1.13B from Mongolia, resulting in a negative trade balance of $810M. Between December 2023 and December 2024 the exports of China have decreased by $-27.4M (-7.94%) from $345M to $318M, while imports decreased by $-276M (-19.6%) from $1.4B to $1.13B.

Trade In December 2024, the top exports of China to Mongolia were Buses ($40.7M), Refined Petroleum ($20.8M), Trailers and semi-trailers, not mechanically propelled... ($20.7M), Tractors ($18.8M), and Large Construction Vehicles ($16.7M). In December 2024 the top imports of China from Mongolia were Coal Briquettes ($714M), Copper Ore ($222M), Iron Ore ($41.5M), Crude Petroleum ($28.7M), and Precious Metal Ore ($12.3M).

Origins In December 2024 the exports of China were mainly from Inner Mongolia Autonomous Region ($73.4M), Guangdong Province ($30.6M), Beijing ($28.1M), Shandong Province ($26.4M), and Jiangsu Province ($24.5M), while imports destinations were mainly Inner Mongolia Autonomous Region ($784M), Fujian Province ($71.3M), Beijing ($46.8M), Shanxi Province ($37.1M), and Xingjiang Uygur Autonomous Region ($31.7M).

Growth In December 2024, the decrease in China's year-by-year exports to Mongolia was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-5.27M or -99.5%), Excavation Machinery ($-2.64M or -62%), and Iron Pipe Fittings ($-1.62M or -87.4%). In December 2024, the decrease in China's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Other Nuts ($-29.4M or -97%), Zinc Ore ($-10.5M or -77.3%), and Molybdenum Ore ($-5.3M or -45.5%).