Mongolia Trade Surplus Hits 10-Year High

Mongolia’s trade surplus widened to USD 735.3 million in April 2026 from USD 218.5 million in the same month last year. Exports soared 56.5% year-on-year to USD 1,923.8 million, while imports jumped 17.5% to USD 1,188.5 million. For the January-April period, the trade surplus increased sharply to USD 3,144.5 million from USD 685.5 million a year earlier. Exports climbed 60.6% year-on-year to USD 6,813.0 million, largely due to higher shipments of mineral products (65.6%), food products (50.9%), textiles and textile articles (41.1%), and natural or cultured stones and precious metals (36.0%). China accounted for 92.7% of total exports, followed by Switzerland (4.5%) and the US (1.2%). Meanwhile, imports rose by 3.1% to USD 3,668.6 million, supported by gains in mineral products (26.7%), base metals and articles thereof (12.6%), and machinery, equipment, and electric appliances (2.3%). China remained the largest import source (37.5%), followed by Russia (29.6%) and Japan (9.4%).

Mongolia’s trade surplus widened significantly to a record high of USD 939.4 million in March 2026 from USD 174.0 million in the same month last year. Exports soared 82.9% year-on-year to USD 1,843.7 million, while imports rose 8.4% to USD 904.2 million. For the January-March period, the trade surplus increased sharply to USD 2,411.7 million from USD 467.1 million a year earlier. Exports climbed 62.3% year-on-year to USD 4,889.0 million, largely due to higher shipments of mineral products (63.9%), natural or cultured stones and precious metals (87.7%), and textiles and textile articles (24.9%). China accounted for 91.6% of total exports, followed by Switzerland (5.4%) and the US (1.1%). Meanwhile, imports declined by 2.7% to USD 2,477.3 million, weighed down by lower purchases of transport vehicles and spare parts (-35.3%) and machinery, equipment, and electric appliances (-8.4%). China remained the largest source of total imports (35.7%), followed by Russia (30.2%) and Japan (9.6%).

Mongolia’s trade surplus widened to USD 553 million in February 2026 from USD 247.5 million in the same month last year. Exports soared 30.5% year-on-year to USD 1,285.9 million, while imports fell by 0.7% to USD 732.9 million. For the first two months of 2026, the trade surplus increased significantly to USD 1,470.5 million from USD 302.5 million a year earlier. Exports surged by 52% year-on-year to USD 3,046.4 million, largely due to higher shipments of mineral products (57.3%), food products (81.4%), and natural or cultured stones and precious metals (35.6%). China accounted for 91.3% of total exports, followed by Switzerland (5.7%) and the US (1.8%). Meanwhile, imports declined by 7.4% to USD 1,575.9 million, weighed down by lower purchases of transport vehicles and spare parts (-42.4%) and machinery, equipment, and electric appliances (-9.3%). China remained the largest source of imports (34.9%), followed by Russia (31.4%) and Japan (9.5%).