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Mongolia Trade Summary

2020

Mongolia exports, imports, tariff by year.

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 2020

Overall Exports and Imports for Mongolia 2020

Exports and imports of Mongolia in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 7,576 million.
  • The total value of imports (CIF) was 5,299 million.
  • At the HS6 digit level, 1,025 products were exported to 74 countries and 3,379 products were imported from 138 countries.

Mongolia top 5 Export and Import partners 2020

Top five countries to which Mongolia exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Mongolia exports to China worth US$ 5,490 million, with a partner share of 72.46 percent.
  2. Mongolia exports to Switzerland worth US$ 1,682 million, with a partner share of 22.20 percent.
  3. Mongolia exports to Singapore worth US$ 151 million, with a partner share of 2.00 percent.
  4. Mongolia exports to United Kingdom worth US$ 84 million, with a partner share of 1.11 percent.
  5. Mongolia exports to Russian Federation worth US$ 57 million, with a partner share of 0.76 percent.

Top five countries from which Mongolia imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Mongolia imports from China worth US$ 1,893 million, with a partner share of 35.72 percent.
  2. Mongolia imports from Russian Federation worth US$ 1,400 million, with a partner share of 26.42 percent.
  3. Mongolia imports from Japan worth US$ 407 million, with a partner share of 7.68 percent.
  4. Mongolia imports from United States worth US$ 245 million, with a partner share of 4.63 percent.
  5. Mongolia imports from Korea, Rep. worth US$ 236 million, with a partner share of 4.45 percent.

Mongolia Top 5 Productsexports imports at HS 6 digit level 2020

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 2,090,696.32 (US$ Thousands).
  2. Mongolia exported Gold in oth semi-manufactured forms,non-monetar , worth 1,787,652.24 (US$ Thousands).
  3. Mongolia exported Copper ores and concentrates , worth 1,778,001.85 (US$ Thousands).
  4. Mongolia exported Non-agglomerated iron ores and concentrates , worth 631,534.98 (US$ Thousands).
  5. Mongolia exported Fine animal hair, not carded or combed , worth 205,088.45 (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 816,863.51 (US$ Thousands).
  2. Mongolia imported Automobiles nes including gas turbine powered , worth 144,116.32 (US$ Thousands).
  3. Mongolia imported Electrical energy , worth 141,667.50 (US$ Thousands).
  4. Mongolia imported Diesel powered trucks with a GVW exceeding twen , worth 136,017.87 (US$ Thousands).
  5. Mongolia imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 103,447.68 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Mongolia in 2020 are below

  • The maximum rate of tariff in percentage on any product was 40 percent.
  • The simple average tariff across all products was 5.02 percent.
  • The trade weighted average tariff was 5.30 .
  • The total duty free imports in thousands of US dollars were 214,888.23 and duty free tariff line items share was 4.19 percent.

Development Indicators 2020

Key Development Indicators of Mongolia in 2020 are below

  • Mongolia GDP in current US dollar was 13,313 million.
  • GNI per capita, Atlas method (current US$) was 3,720.00 .
  • Mongolia Trade balance: as % of GDP was 2.48.
  • Trade balance in current US$ was 330.00 million.
  • Trade as percentage of GDP was 112.84 .
  • Trade in services as percentage of GDP was 20.73 .

Trade Indicators 2020

Trade Indicators for Mongolia in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.69.
  • Index of export market penetration was 2.01.
  • World Growth in percentage was -3.77 and Mongolia Country Growth was -7.42 .