Mongolia

Overview In 2022, Mongolia was the number 126 economy in the world in terms of GDP (current US$), the number 94 in total exports, the number 125 in total imports, the number 112 economy in terms of GDP per capita (current US$) and the number 120 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mongolia are Coal Briquettes ($6.48B), Copper Ore ($2.73B), Gold ($2.05B), Animal Hair ($430M), and Iron Ore ($389M), exporting mostly to China ($10.6B), Switzerland ($1.98B), Singapore ($346M), South Korea ($259M), and Russia ($112M).

In 2022, Mongolia was the world's biggest exporter of Animal Hair ($430M)

Imports The top imports of Mongolia are Refined Petroleum ($1.55B), Cars ($524M), Delivery Trucks ($333M), Trailers and semi-trailers, not mechanically propelled vehicles ($229M), and Raw Iron Bars ($211M), importing mostly from China ($3.06B), Russia ($2.44B), Japan ($577M), South Korea ($437M), and United States ($241M).

Location Mongolia borders China and Russia by land.