Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Mongolia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2006 - 2022

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TOTAL. ALL COMMODITIESMongoliaWorldExportsValue (US$)1,542,321,443.001,886,552,768.004,269,055,846.005,774,330,896.004,669,280,457.004,916,326,458.006,200,592,951.847,011,757,684.817,619,753,899.967,576,310,834.799,241,123,149.9412,557,706,706.27
Value Growth, YoY (%)44.9022.3135.26-19.135.2926.1213.088.67-0.5721.9735.88
ImportsValue (US$)1,485,599,162.002,117,033,711.006,357,821,461.005,131,455,440.003,796,591,418.003,339,603,834.004,337,319,902.005,874,787,944.656,127,355,631.505,298,770,903.276,844,468,531.878,746,806,465.98
Value Growth, YoY (%)25.6242.50-19.28-26.01-12.0329.8735.444.29-13.5229.1727.79

The value of merchandise exports from Mongolia totalled $ 12.5 billion in 2022. Merchandise exports from Mongolia increased by 35% compared to 2021. Goods exports grew up by $ 3.31 billion in 2022 (the value of merchandise exports from Mongolia amounted to $9.24 billion in 2021)

Mongolia's exports 2022 by country

Top export destinations of commodities from Mongolia in 2022:

  • China with a share of 84% (10.5 billion US$)
  • Switzerland with a share of 8.2% (1.03 billion US$)
  • Singapore with a share of 2.75% (345 million US$)
  • Korea with a share of 2.02% (254 million US$)
  • Russia - 112 million US$
  • Italy - 88 million US$
  • Germany - 25 million US$
  • Japan - 15.2 million US$
  • Hong Kong - 12.8 million US$
  • United Kingdom - 12.3 million US$

Exports structure from Mongolia in 2022 represented by the following main commodity groups:

  • 53% (6.76 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 29% (3.67 billion US$): 26 - Ores, slag and ash
  • 8.85% (1.11 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 3.62% (455 million US$): 51 - Wool, fine or coarse animal hair; horsehair yarn and woven fabric
  • 0.879% (110 million US$): 25 - Salt; sulfur; earths and stone; plastering materials, lime and cement
  • 0.692% (86 million US$): 74 - Copper and articles thereof
  • 0.653% (82 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.375% (47 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 0.337% (42 million US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 0.279% (35 million US$): 02 - Meat and edible meat offal

What did Mongolia export in 2022?

Mongolia's Top Exports in 2022:

  • 51% ($6.51 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 21% ($2.73 billion): 2603 - Copper ores and concentrates
  • 8.79% ($1.1 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 3.11% ($390 million): 2601 - Iron ores and concentrates, including roasted iron pyrites
  • 2.73% ($343 million): 5102 - Fine or coarse animal hair, not carded or combed
  • 2.25% ($282 million): 2608 - Zinc ores and concentrates
  • 1.93% ($243 million): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 0.9% ($113 million): 2616 - Precious metal ores and concentrates
  • 0.876% ($110 million): 2529 - Feldspar; leucite, nepheline and nepheline syenite; fluorspar
  • 0.748% ($93 million): 5105 - Wool and fine or coarse animal hair, carded or combed (including combed wool in fragments)

The value of merchandise imports to Mongolia totalled $ 8.74 billion in 2022. Merchandise imports to Mongolia increased by 27% compared to 2021. Goods imports grew up by $ 1.9 billion in 2022 (the value of merchandise imports to Mongolia was equal to $6.84 billion in 2021)

Mongolia's imports 2022 by country

Top trading partners (import sources) of Mongolia in 2022:

  • China with a share of 34% (3.04 billion US$)
  • Russia with a share of 30% (2.65 billion US$)
  • Japan with a share of 7.7% (674 million US$)
  • Korea with a share of 4.85% (424 million US$)
  • USA with a share of 3.03% (265 million US$)
  • Germany with a share of 2.09% (183 million US$)
  • France with a share of 1.72% (150 million US$)
  • Turkey with a share of 1.23% (108 million US$)
  • Poland with a share of 1.11% (97 million US$)
  • India with a share of 1.04% (90 million US$)

Imports structure to Mongolia in 2022 represented by the following main commodity groups:

  • 22% (1.94 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 15.4% (1.35 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 9% (787 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.47% (478 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 4.54% (397 million US$): 73 - Articles of iron or steel
  • 3.84% (336 million US$): 72 - Iron and steel
  • 2.43% (213 million US$): 39 - Plastics and articles thereof
  • 2.38% (208 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 2.06% (180 million US$): 21 - Miscellaneous edible preparations
  • 2.01% (176 million US$): 30 - Pharmaceutical products

What did Mongolia import in 2022?

Mongolia's Top Imports in 2022:

  • 19.7% ($1.72 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 6.58% ($576 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 4.85% ($424 million): 8704 - Motor vehicles for the transport of goods
  • 2.58% ($226 million): 8716 - Trailers and semi-trailers; other vehicles, not mechanically propelled; parts thereof
  • 2.56% ($224 million): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
  • 2.27% ($199 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles
  • 2.08% ($182 million): 2716 - Electrical energy. (optional heading)
  • 1.8% ($157 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.64% ($143 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.41% ($123 million): 3102 - Mineral or chemical fertilisers, nitrogenous

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Mongolia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2006 - 2022