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). Balance of Trade in Mongolia averaged -6.05 USD Million from 1997 until 2019, 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 95.00 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 205.00 in 12 months time. In the long-term, the Mongolia Balance of Trade is projected to trend around 220.00 USD Million in 2020, according to our econometric models.

Mongolia Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-15 11:00 AM Balance of Trade $137.5M $62.5M $ 139.7M
2018-12-12 09:00 AM Balance of Trade $40.0M $137.5M $ 162M
2019-01-15 09:25 AM Balance of Trade $27.5M $40.0M $ 205M
2019-02-15 10:30 AM Balance of Trade $103.3M $27.5M
2019-03-13 08:00 AM Balance of Trade $103.3M
2019-04-12 08:55 AM Balance of Trade $ 95M
2019-05-15 08:00 AM Balance of Trade


Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 103.30 27.50 361.60 -369.80 USD Million [+]
Current Account -356.10 -154.50 132.80 -627.90 USD Million [+]
Current Account to GDP -10.40 -6.30 5.43 -27.40 percent [+]
Exports 607.00 531.00 759.80 15.44 USD Million [+]
Imports 504.00 503.00 748.75 14.66 USD Million [+]
Foreign Direct Investment 19379.30 18968.70 20903.50 8444.70 USD Million [+]
Capital Flows -285.50 25.20 280.00 -931.10 USD Million [+]
Gold Reserves 15.10 15.10 15.10 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Remittances 11.80 10.50 18.61 -9.01 USD Million [+]
External Debt 27911253.68 27745305.69 27912617.96 2110586.64 USD Thousand [+]
Crude Oil Production 20.00 20.00 27.85 0.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Mongolia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.30 27.50 361.60 -369.80 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


Related

Latest