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Mongolia Trade Summary

2021

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 2021

Overall Exports and Imports for Mongolia 2021

Exports and imports of Mongolia in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 9,241 million.
  • The total value of imports (CIF) was 6,844 million.
  • At the HS6 digit level, 899 products were exported to 64 countries and 3,434 products were imported from 152 countries.

Mongolia top 5 Export and Import partners 2021

Top five countries to which Mongolia exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Mongolia exports to China worth US$ 7,633 million, with a partner share of 82.60 percent.
  2. Mongolia exports to Switzerland worth US$ 870 million, with a partner share of 9.41 percent.
  3. Mongolia exports to Singapore worth US$ 254 million, with a partner share of 2.75 percent.
  4. Mongolia exports to Korea, Rep. worth US$ 223 million, with a partner share of 2.42 percent.
  5. Mongolia exports to Russian Federation worth US$ 113 million, with a partner share of 1.22 percent.

Top five countries from which Mongolia imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Mongolia imports from China worth US$ 2,490 million, with a partner share of 36.39 percent.
  2. Mongolia imports from Russian Federation worth US$ 1,955 million, with a partner share of 28.56 percent.
  3. Mongolia imports from Japan worth US$ 453 million, with a partner share of 6.62 percent.
  4. Mongolia imports from Korea, Rep. worth US$ 309 million, with a partner share of 4.51 percent.
  5. Mongolia imports from Germany worth US$ 223 million, with a partner share of 3.25 percent.

Mongolia Top 5 Productsexports imports at HS 6 digit level 2021

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

  1. Mongolia exported Copper ores and concentrates , worth 2,899,857.30 (US$ Thousands).
  2. Mongolia exported Bituminous coal, not agglomerated , worth 2,741,531.36 (US$ Thousands).
  3. Mongolia exported Gold in oth semi-manufactured forms,non-monetar , worth 1,004,519.99 (US$ Thousands).
  4. Mongolia exported Non-agglomerated iron ores and concentrates , worth 939,293.36 (US$ Thousands).
  5. Mongolia exported Fine animal hair, not carded or combed , worth 276,422.15 (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 1,131,771.73 (US$ Thousands).
  2. Mongolia imported Diesel powered trucks with a GVW exceeding twen , worth 246,390.64 (US$ Thousands).
  3. Mongolia imported Automobiles nes including gas turbine powered , worth 179,689.22 (US$ Thousands).
  4. Mongolia imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 163,020.37 (US$ Thousands).
  5. Mongolia imported Electrical energy , worth 160,208.00 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Mongolia in 2021 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 5.28 .
  • The total duty free imports in thousands of US dollars were 192,619.56 and duty free tariff line items share was 4.22 percent.

Development Indicators 2021

Key Development Indicators of Mongolia in 2021 are below

  • Mongolia GDP in current US dollar was 15,286 million.
  • GNI per capita, Atlas method (current US$) was 3,730.00 .
  • Mongolia Trade balance: as % of GDP was -2.00.
  • Trade balance in current US$ was -306.00 million.
  • Trade as percentage of GDP was 119.10 .
  • Trade in services as percentage of GDP was 21.62 .

Trade Indicators 2021

Trade Indicators for Mongolia in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.71.
  • Index of export market penetration was 2.14.
  • World Growth in percentage was 12.50 and Mongolia Country Growth was 15.27 .