Mongolia recorded a trade surplus of 20.50 USD Million in December of 2020. Balance of Trade in Mongolia averaged -0.78 USD Million from 1997 until 2020, reaching an all time high of 361.60 USD Million in December of 2016 and a record low of -369.80 USD Million in July of 2012.

Balance of Trade in Mongolia is expected to be 205.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Mongolia to stand at 35.00 in 12 months time. In the long-term, the Mongolia Balance of Trade is projected to trend around 35.00 USD Million in 2020, according to our econometric models.

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Mongolia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
20.50 7.60 361.60 -369.80 1997 - 2020 USD Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 08:00 AM Sep $51.4M $231.6M $ 63M
2019-11-15 11:00 AM Oct $116.9M $51.4M $145M
2019-12-12 08:00 AM Nov $7.6M $116.9M $42M
2020-01-17 09:00 AM Dec $20.5M $7.6M $ 31M
2020-02-17 09:00 AM Jan $20.5M


News Stream
2019-06-12
Mongolia Trade Surplus Widens 24.4% in May
Mongolia's trade surplus widened to USD 202.6 million in May 2019 from USD 162.9 million in the same month of the previous year. Imports fell 8.1 percent, dragged down by lower purchases of auto, air & water transport vehicles (-2.7 percent) and machinery, equipment & electric appliances (-9.1 percent). Among major trading partners, imports dropped from China (-29.3 percent) and Russia (-13.3 percent) while those rose from Japan (20.6 percent). Meantime, exports went down at a softer 1.1 percent, mostly due to lower sales of base metals (-37.5 percent). Shipments declined to China (-1.4 percent) and Italy (-19.3 percent) while those increased to Singapore (40.6 percent).

2019-05-15
Mongolia Trade Surplus Widens 35.7% in April
Mongolia's trade surplus widened to USD 259.8 million in April 2019 from USD 191.5 million in the same month of the previous year. Exports jumped 15.1 percent to USD 740.3 million, mostly due to an increase in sales of mineral products (16.4 percent) and textiles & related articles (47.1 percent).Among major trading partners, shipments advanced to China (17.9 percent) while those declined to Russia (-8.1 percent) and the UK (-75.9 percent). Meantime, imports rose 6.4 percent to USD 480.5 million, boosted by higher purchases of mineral products (13.9 percent) and auto, air & water transport vehicles (22.6 percent) while those dropped for machinery, equipment & electric appliances (-18.3 percent). Imports rose from China (5.1 percent) and Russia (8.9 percent) while dropped from Japan (-6.4 percent).

2019-04-15
Mongolia Trade Surplus Narrows 4.1% YoY in March
Mongolia's trade surplus shrank to USD 229.8 million in March of 2019 from USD 239.6 million in the same month a year ago. Exports went up 5.3 percent to USD 678 million, mostly due to an increase in sales of mineral products (16.2 percent) and live animals & animal origin products (45.4 percent) while decreases were recorded in textiles & related articles (-14.7 percent). Among major trading partners, shipments advanced to China (15.4 percent) while declined to Russia (-21.6 percent). Imports increased 10.8 percent to USD 448.2 million, boosted by higher purchases of TV sets & spare parts (10.9 percent) and basic metals (10.8 percent) while those dropped for chemical & chemical industry products (-8.5 percent). Imports rose from China (14.9 percent) while those from Russia decreased (-3.9 percent).

2019-03-12
Mongolia Trade Surplus Jumps 207% YoY in February
Mongolia's trade surplus widened to USD 152.8 million in February 2019 from USD 49.7 million in the same month of the previous year. Exports jumped 17.3 percent to USD 486.4 million, mostly due to an increase in sales of mineral products (18.2 percent) and natural or cultured stones, precious metal & jewellery (45.7 percent). Meanwhile, imports went down 8.6 percent to USD 333.5 million, mainly due to by purchases of mineral products (-16.1 percent), namely diesel (-14.2 percent).

2019-02-15
Mongolia Trade Surplus Widens in January
Mongolia's trade surplus widened to USD 103.3 million in January 2019 from USD 62.7 million in the same month of the previous year. Exports jumped 43.3 percent to USD 607.3 million, mostly due to an increase in sales of mineral products (21 percent) and natural or cultured stones, precious metal & jewellery (4.8 percent). Meanwhile, imports rose 39.6 percent to USD 504.0 million, boosted by purchases of mineral products (33.2 percent), namely diesel (29.6 percent).


Mongolia Balance of Trade
Mongolia exports mineral products (copper, coal, molybdenum, tin, tungsten, and gold), natural or cultured stones, jewelry, cashmere, animal origin products, hides and skins. Mongolia's main exports partner is China (89% of total exports). Others include: Canada and Russia. Mongolia imports mainly mineral products, machinery, equipment, electric appliances, recorders,TV sets & spare parts, vehicles, food products and base metals. Mongolia's main import partners are Russia (22% of total) and China (26%). Others include Japan, USA and Germany.

Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 20.50 7.60 361.60 -369.80 USD Million [+]
Current Account -214.81 -202.21 132.80 -627.90 USD Million [+]
Current Account to GDP -14.60 -10.10 5.43 -27.40 percent [+]
Exports 564.20 526.90 815.60 15.44 USD Million [+]
Imports 543.60 519.30 748.75 14.66 USD Million [+]
Foreign Direct Investment 21183.60 20696.90 21183.60 8444.70 USD Million [+]
Capital Flows -2.86 -234.94 280.00 -931.10 USD Million [+]
Gold Reserves 17.92 20.08 20.08 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Remittances 8.20 7.20 18.61 -9.01 USD Million [+]
External Debt 29933778.93 29692865.20 29933778.93 2110586.64 USD Thousand [+]
Crude Oil Production 20.00 20.00 27.85 0.00 BBL/D/1K [+]