Mongolia

ECON COMPLEXITY (2018)

-0.86

RANK 106 OF 137

PRODUCT EXPORTS (2018)

$7.71B

RANK 99 OF 222

EXPORTS PER CAPITA (2018)

$2.43K

RANK 75 OF 219

PRODUCT IMPORTS (2018)

$5.76B

RANK 126 OF 221

IMPORTS PER CAPITA (2018)

$1.82K

RANK 82 of 219

SERVICE EXPORTS (2018)

$1.1B

RANK 65 OF 88

SERVICE IMPORTS (2018)

$2.99B

RANK 52 OF 88

GDP (2018)

$13.1B

CURRENT US$
RANK 133 OF 196

GDP GROWTH (2008-2018)

132%

CURRENT US$
RANK 16 OF 196

GDP PC (2018)

$4,122

CURRENT US$
RANK 120 OF 196

GDP PC GROWTH (2008-2018)

92.9%

Overview: In 2018 Mongolia was the number 133 economy in the world in terms of GDP (current US$), the number 99 in total exports, the number 126 in total imports, and the number 106 most complex economy according to the Economic Complexity Index (ECI). In 2018, Mongolia exported $7.71B and imported $5.76B, resulting in a positive trade balance of $1.95B. In 2018, Mongolia’s exports per capita were $2.43k and its imports per capita were $1.82k.

Trade: The top exports of Mongolia are Coal Briquettes ($2.78B), Copper Ore ($2.01B), Gold ($870M), Crude Petroleum ($391M), and Iron Ore ($342M). The top imports of Mongolia are Refined Petroleum($1.03B), Cars ($400M), Delivery Trucks ($251M), Electricity ($143M), and Large Construction Vehicles ($125M).

Destinations: Mongolia exports mostly to China ($6.36B), Switzerland($727M), United Kingdom ($173M), Russia ($84.9M), and Italy ($73.7M), and imports mostly from China ($1.86B), Russia ($1.62B), Japan($540M), South Korea ($308M), and United States ($177M).

Location: Mongolia borders China and Russia by land.

Exports

In 2018 Mongolia exported a total of $7.71B, making it the number 99 exporter in the world. During the last five reported years the exports of Mongolia have changed by $3.11B from $4.59B in 2013 to $7.71B in 2018.

The most recent exports are led by Coal Briquettes ($2.78B), Copper Ore ($2.01B), Gold ($870M), Crude Petroleum ($391M), and Iron Ore ($342M).

Imports

In 2018 Mongolia imported $5.76B, making it the number 126 trade destination in the world. During the last five reported years the imports of Mongolia changed by -$745M from $6.5B in 2013 to $5.76B in 2018.

The most recent imports of Mongolia are led by Refined Petroleum ($1.03B), Cars ($400M), Delivery Trucks ($251M), Electricity ($143M), and Large Construction Vehicles ($125M).

Trade Balance

As of 2018 Mongolia had a positive trade balance of $2.39B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $20.4M in net exports.

Destinations

The most common destination for the exports of Mongolia are China ($6.36B), Switzerland ($727M), United Kingdom ($173M), Russia ($84.9M), and Italy ($73.7M).

Origins

The most common import partners for Mongolia are China ($1.86B), Russia ($1.62B), Japan ($540M), South Korea ($308M), and United States ($177M).