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Mongolia Trade Summary

2018

Mongolia exports, imports, tariff by year.
Mongolia monthly trade data
Mongolia quarterly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MONGOLIA 2018

Overall Exports and Imports for Mongolia 2018

Exports and imports of Mongolia in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 7,012 million.
  • The total value of imports (CIF) was 5,875 million.
  • At the HS6 digit level, 1,153 products were exported to 76 countries and 3,470 products were imported from 151 countries.

Mongolia top 5 Export and Import partners 2018

Top five countries to which Mongolia exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Mongolia exports to China worth US$ 6,506 million, with a partner share of 92.78 percent.
  2. Mongolia exports to United Kingdom worth US$ 173 million, with a partner share of 2.47 percent.
  3. Mongolia exports to Russian Federation worth US$ 86 million, with a partner share of 1.23 percent.
  4. Mongolia exports to Italy worth US$ 54 million, with a partner share of 0.77 percent.
  5. Mongolia exports to Singapore worth US$ 30 million, with a partner share of 0.43 percent.

Top five countries from which Mongolia imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Mongolia imports from China worth US$ 1,969 million, with a partner share of 33.51 percent.
  2. Mongolia imports from Russian Federation worth US$ 1,710 million, with a partner share of 29.11 percent.
  3. Mongolia imports from Japan worth US$ 561 million, with a partner share of 9.55 percent.
  4. Mongolia imports from Korea, Rep. worth US$ 262 million, with a partner share of 4.47 percent.
  5. Mongolia imports from United States worth US$ 212 million, with a partner share of 3.60 percent.

Mongolia Top 5 Productsexports imports at HS 6 digit level 2018

The top five exported HS 6 digit level products to world by Mongolia along with trade value are:

  1. Mongolia exported Bituminous coal, not agglomerated , worth 2,676,516.69 (US$ Thousands).
  2. Mongolia exported Copper ores and concentrates , worth 2,012,194.42 (US$ Thousands).
  3. Mongolia exported Petroleum oils and oils obtained from bituminou , worth 391,987.75 (US$ Thousands).
  4. Mongolia exported Non-agglomerated iron ores and concentrates , worth 341,681.46 (US$ Thousands).
  5. Mongolia exported Fine animal hair, not carded or combed , worth 281,084.69 (US$ Thousands).

The top five imported HS 6 digit level products from world by Mongolia along with trade value are

  1. Mongolia imported Petroleum oils, etc, (excl. crude); preparation , worth 1,112,347.64 (US$ Thousands).
  2. Mongolia imported Dump trucks designed for off-highway use , worth 152,492.57 (US$ Thousands).
  3. Mongolia imported Electrical energy , worth 142,539.13 (US$ Thousands).
  4. Mongolia imported Automobiles nes including gas turbine powered , worth 135,677.68 (US$ Thousands).
  5. Mongolia imported Automobiles with reciprocating piston engine di , worth 124,292.82 (US$ Thousands).

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Mongolia in 2018 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 5.04 percent.
  • The trade weighted average tariff was 5.26 .
  • The total duty free imports in thousands of US dollars were 225,912.28 and duty free tariff line items share was 4.30 percent.

Development Indicators 2018

Key Development Indicators of Mongolia in 2018 are below

  • Mongolia GDP in current US dollar was 13,178 million.
  • GNI per capita, Atlas method (current US$) was 3,700.00 .
  • Mongolia Trade balance: as % of GDP was -10.03.
  • Trade balance in current US$ was -1,321.00 million.
  • Trade as percentage of GDP was 126.36 .
  • Trade in services as percentage of GDP was 28.56 .

Trade Indicators 2018

Trade Indicators for Mongolia in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.74.
  • Index of export market penetration was 1.92.
  • World Growth in percentage was 4.91 and Mongolia Country Growth was 9.50 .