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Mongolia Trade Summary

2022

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 2022

Overall Exports and Imports for Mongolia 2022

Exports and imports of Mongolia in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 12,558 million.
  • The total value of imports (CIF) was 8,747 million.
  • At the HS6 digit level, 1,092 products were exported to 72 countries and 3,568 products were imported from 156 countries.

Mongolia top 5 Export and Import partners 2022

Top five countries to which Mongolia exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Mongolia exports to China worth US$ 10,587 million, with a partner share of 84.30 percent.
  2. Mongolia exports to Switzerland worth US$ 1,031 million, with a partner share of 8.21 percent.
  3. Mongolia exports to Singapore worth US$ 346 million, with a partner share of 2.75 percent.
  4. Mongolia exports to Korea, Rep. worth US$ 254 million, with a partner share of 2.02 percent.
  5. Mongolia exports to Russian Federation worth US$ 112 million, with a partner share of 0.89 percent.

Top five countries from which Mongolia imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Mongolia imports from China worth US$ 3,043 million, with a partner share of 34.79 percent.
  2. Mongolia imports from Russian Federation worth US$ 2,653 million, with a partner share of 30.33 percent.
  3. Mongolia imports from Japan worth US$ 674 million, with a partner share of 7.71 percent.
  4. Mongolia imports from Korea, Rep. worth US$ 425 million, with a partner share of 4.86 percent.
  5. Mongolia imports from United States worth US$ 265 million, with a partner share of 3.03 percent.

Mongolia Top 5 Productsexports imports at HS 6 digit level 2022

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 6,467,372.51 (US$ Thousands).
  2. Mongolia exported Copper ores and concentrates , worth 2,734,846.16 (US$ Thousands).
  3. Mongolia exported Gold in oth semi-manufactured forms,non-monetar , worth 1,104,152.52 (US$ Thousands).
  4. Mongolia exported Non-agglomerated iron ores and concentrates , worth 387,496.28 (US$ Thousands).
  5. Mongolia exported Fine animal hair, not carded or combed , worth 343,092.17 (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 1,723,671.65 (US$ Thousands).
  2. Mongolia imported Automobiles nes including gas turbine powered , worth 275,849.53 (US$ Thousands).
  3. Mongolia imported Diesel powered trucks with a GVW exceeding twen , worth 232,684.70 (US$ Thousands).
  4. Mongolia imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 221,364.81 (US$ Thousands).
  5. Mongolia imported Electrical energy , worth 182,278.96 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Mongolia in 2022 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 5.36 .
  • The total duty free imports in thousands of US dollars were 259,036.55 and duty free tariff line items share was 4.32 percent.

Development Indicators 2022

Key Development Indicators of Mongolia in 2022 are below

  • Mongolia GDP in current US dollar was 16,811 million.
  • GNI per capita, Atlas method (current US$) was 4,210.00 .
  • Mongolia Trade balance: as % of GDP was -5.57.
  • Trade balance in current US$ was -936.00 million.
  • Trade as percentage of GDP was 144.95 .
  • Trade in services as percentage of GDP was 27.51 .

Trade Indicators 2022

Trade Indicators for Mongolia in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.78.
  • Index of export market penetration was 2.15.
  • World Growth in percentage was 5.18 and Mongolia Country Growth was 13.11 .