Annual International Trade Statistics by Country (HS)
Publication date: 2022-11-14
Reporting period: 2002 - 2021
Timeseries: 194 million
Source:TrendEconomy
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Mongolia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2005 - 2021

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TOTAL. ALL COMMODITIESMongoliaWorldExportsValue (US$)1,064,384,730.001,542,321,443.001,886,552,768.004,269,055,846.005,774,330,896.004,669,280,457.004,916,326,458.006,200,592,951.007,011,757,684.007,619,753,899.007,576,310,834.799,241,123,149.94
Value Growth, YoY (%)24.3444.9022.3135.26-19.135.2926.1213.088.67-0.5721.97
ImportsValue (US$)1,182,558,833.001,485,599,162.002,117,033,711.006,357,821,461.005,131,455,440.003,796,591,418.003,339,603,834.004,337,319,901.005,874,787,944.006,127,355,631.005,298,770,903.276,844,468,531.87
Value Growth, YoY (%)15.8025.6242.50-19.28-26.01-12.0329.8735.444.29-13.5229.17

The value of merchandise exports from Mongolia totalled $ 9.24 billion in 2021. Merchandise exports from Mongolia increased by 21% compared to 2020. Goods exports grew up by $ 1.66 billion in 2021 (the value of merchandise exports from Mongolia amounted to $7.57 billion in 2020)

Mongolia's exports 2021 by country

Top export destinations of commodities from Mongolia in 2021:

  • China with a share of 82% (7.63 billion US$)
  • Switzerland with a share of 9.41% (869 million US$)
  • Singapore with a share of 2.74% (254 million US$)
  • Korea with a share of 2.41% (223 million US$)
  • Russia with a share of 1.22% (112 million US$)
  • Italy - 35 million US$
  • USA - 31 million US$
  • Japan - 17.7 million US$
  • Germany - 12.1 million US$
  • United Kingdom - 10.1 million US$

Exports structure from Mongolia in 2021 represented by the following main commodity groups:

  • 46% (4.3 billion US$): 26 - Ores, slag and ash
  • 33% (3.05 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 11% (1.02 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 3.52% (325 million US$): 51 - Wool, fine or coarse animal hair; horsehair yarn and woven fabric
  • 1.55% (144 million US$): 25 - Salt; sulfur; earths and stone; plastering materials, lime and cement
  • 0.96% (88 million US$): 74 - Copper and articles thereof
  • 0.923% (85 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 0.426% (39 million US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 0.415% (38 million US$): 16 - Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates
  • 0.25% (23 million US$): 88 - Aircraft, spacecraft, and parts thereof

What did Mongolia export in 2021?

Mongolia's Top Exports in 2021:

  • 31% ($2.89 billion): 2603 - Copper ores and concentrates
  • 29% ($2.75 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 10.8% ($1 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 10.3% ($952 million): 2601 - Iron ores and concentrates, including roasted iron pyrites
  • 2.99% ($276 million): 5102 - Fine or coarse animal hair, not carded or combed
  • 2.95% ($273 million): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 1.9% ($176 million): 2608 - Zinc ores and concentrates
  • 1.55% ($143 million): 2529 - Feldspar; leucite, nepheline and nepheline syenite; fluorspar
  • 1.48% ($136 million): 2616 - Precious metal ores and concentrates
  • 0.958% ($88 million): 7403 - Refined copper and copper alloys, unwrought.

The value of merchandise imports to Mongolia totalled $ 6.84 billion in 2021. Merchandise imports to Mongolia increased by 29% compared to 2020. Goods imports grew up by $ 1.54 billion in 2021 (the value of merchandise imports to Mongolia was equal to $5.29 billion in 2020)

Mongolia's imports 2021 by country

Top trading partners (import sources) of Mongolia in 2021:

  • China with a share of 36% (2.49 billion US$)
  • Russia with a share of 28% (1.95 billion US$)
  • Japan with a share of 6.62% (453 million US$)
  • Korea with a share of 4.51% (308 million US$)
  • Germany with a share of 3.25% (222 million US$)
  • USA with a share of 3.11% (213 million US$)
  • Poland with a share of 1.21% (83 million US$)
  • Vietnam with a share of 1.16% (79 million US$)
  • Turkey with a share of 1.04% (71 million US$)
  • France with a share of 1% (68 million US$)

Imports structure to Mongolia in 2021 represented by the following main commodity groups:

  • 19.4% (1.32 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 16.2% (1.11 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 11.1% (766 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 7.04% (482 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 4.15% (284 million US$): 30 - Pharmaceutical products
  • 4.02% (275 million US$): 73 - Articles of iron or steel
  • 3.45% (236 million US$): 72 - Iron and steel
  • 2.21% (151 million US$): 21 - Miscellaneous edible preparations
  • 2.11% (144 million US$): 39 - Plastics and articles thereof
  • 1.75% (119 million US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof

What did Mongolia import in 2021?

Mongolia's Top Imports in 2021:

  • 16.5% ($1.13 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 5.62% ($385 million): 8704 - Motor vehicles for the transport of goods
  • 5.62% ($385 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 2.92% ($200 million): 8716 - Trailers and semi-trailers; other vehicles, not mechanically propelled; parts thereof
  • 2.39% ($163 million): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
  • 2.34% ($160 million): 2716 - Electrical energy. (optional heading)
  • 2.13% ($146 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.96% ($134 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.9% ($130 million): 3002 - Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc
  • 1.72% ($118 million): 8429 - Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers

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Mongolia | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2005 - 2021