Mongolia's trade surplus decreased to USD 40 million in November 2018 from USD 101.7 million in the same month of the previous year. It is the smallest trade surplus since August, as imports jumped 25.3 percent to USD 496 million and exports advanced at a much softer 7.7 percent to USD 536 million. Considering the first eleven months of the year, the trade surplus narrowed to USD 1,109.2 million from USD 1,781.8 million in the previous year. Imports climbed 37.6 percent to USD 5372 million, led by mineral products (33.4 percent); machinery and equipment, electrical appliances; and others (45.6 percent) and auto, air & water transport vehicles & their spare parts (43.0 percent). Meantime, exports grew 14 percent to USD 6481 million, mainly boosted by sales of mineral products (23.9 percent); textiles & textiles articles (24.3 percent) and live animals and animal products (57.8 percent). Balance of Trade in Mongolia averaged -6.56 USD Million from 1997 until 2018, 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 85.00 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 135.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 07:25 AM Balance of Trade $18.2M $28.8M $ 89.5M
2018-10-15 08:30 AM Balance of Trade $62.5M $18.2M $ 110M
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
2019-01-17 11:00 AM Balance of Trade $40.0M
2019-02-14 10:30 AM Balance of Trade
2019-03-13 08:00 AM Balance of Trade


Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 40.00 137.50 361.60 -369.80 USD Million [+]
Current Account -180.30 -132.30 132.80 -627.90 USD Million [+]
Current Account to GDP -10.40 -6.30 5.43 -27.40 percent [+]
Exports 536.00 662.00 759.80 15.44 USD Million [+]
Imports 496.00 524.50 748.75 14.66 USD Million [+]
Foreign Direct Investment 19379.30 18968.70 20903.50 8444.70 USD Million [+]
Capital Flows -482.90 -34.10 280.00 -931.10 USD Million [+]
Gold Reserves 6.70 3.60 9.92 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Remittances 11.60 10.44 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
40.00 137.50 361.60 -369.80 1997 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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