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Mongolia Trade Summary

2019

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 2019

Overall Exports and Imports for Mongolia 2019

Exports and imports of Mongolia in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 7,620 million.
  • The total value of imports (CIF) was 6,127 million.
  • At the HS6 digit level, 1,178 products were exported to 78 countries and 3,502 products were imported from 147 countries.

Mongolia top 5 Export and Import partners 2019

Top five countries to which Mongolia exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Mongolia exports to China worth US$ 6,773 million, with a partner share of 88.88 percent.
  2. Mongolia exports to United Kingdom worth US$ 291 million, with a partner share of 3.82 percent.
  3. Mongolia exports to Singapore worth US$ 155 million, with a partner share of 2.03 percent.
  4. Mongolia exports to Switzerland worth US$ 75 million, with a partner share of 0.98 percent.
  5. Mongolia exports to Russian Federation worth US$ 68 million, with a partner share of 0.89 percent.

Top five countries from which Mongolia imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Mongolia imports from China worth US$ 2,037 million, with a partner share of 33.24 percent.
  2. Mongolia imports from Russian Federation worth US$ 1,730 million, with a partner share of 28.23 percent.
  3. Mongolia imports from Japan worth US$ 585 million, with a partner share of 9.56 percent.
  4. Mongolia imports from United States worth US$ 290 million, with a partner share of 4.73 percent.
  5. Mongolia imports from Korea, Rep. worth US$ 267 million, with a partner share of 4.36 percent.

Mongolia Top 5 Productsexports imports at HS 6 digit level 2019

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 US$ 3,058,711.24 million.
  2. Mongolia exported Copper ores and concentrates , worth US$ 1,795,868.37 million.
  3. Mongolia exported Non-agglomerated iron ores and concentrates , worth US$ 571,410.60 million.
  4. Mongolia exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 418,394.40 million.
  5. Mongolia exported Petroleum oils and oils obtained from bituminou , worth US$ 366,665.79 million.

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 US$ 1,165,775.90 million.
  2. Mongolia imported Dump trucks designed for off-highway use , worth US$ 296,824.99 million.
  3. Mongolia imported Automobiles nes including gas turbine powered , worth US$ 156,622.22 million.
  4. Mongolia imported Electrical energy , worth US$ 144,445.88 million.
  5. Mongolia imported Automobiles with reciprocating piston engine di , worth US$ 129,577.13 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Mongolia in 2019 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 5.03 percent.
  • The trade weighted average tariff was 5.31 .
  • The total duty free imports in thousands of US dollars were 214,934.56 and duty free tariff line items share was 4.20 percent.

Development Indicators 2019

Key Development Indicators of Mongolia in 2019 are below

  • Mongolia GDP in current US dollar was 13,997 million.
  • GNI per capita, Atlas method (current US$) was 3,790.00 .
  • Mongolia Trade balance: as % of GDP was -6.01.
  • Trade balance in current US$ was -841.00 million.
  • Trade as percentage of GDP was 126.22 .
  • Trade in services as percentage of GDP was 31.84 .

Trade Indicators 2019

Trade Indicators for Mongolia in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.76.
  • Index of export market penetration was 1.91.
  • World Growth in percentage was -1.13 and Mongolia Country Growth was -1.40 .