Mongolia Trade Surplus Widens Sharply in June

Mongolia's trade surplus widened to USD 687.8 million in June 2026 from USD 191.9 million a year earlier. Exports rose 62.6% year-on-year to USD 1,923.4 million, oupacing a 24.7% rise in imports to USD 1,235.6 million. For the first half of the year, exports surged 57.9% to USD 10,393.9 million from USD 6,581.3 million a year earlier, driven by mineral products, which rose 64.5% and accounted for 97.6% of total shipments. In particular, copper ores and concentrates represented 44.7% and bituminous coal (37.9%). China remained the main destination (94.1%), while Switzerland ranked second (3.6%). Meanwhile, imports rose at a slower pace of 10.6% to USD 6,116.9 million from USD 5,528.8 million. Petroeum products accounted for 22.3% of total purchases, followed by machinery and equipment (20.7%), which rose 11.6%, and transport vehicles (15.8%), which declined 21.5%. China held the highest share of imports at 39.7%, followed by the Russian Federation at 28.4% and Japan with 9%.

Mongolia’s trade surplus widened to USD 416.6 million in May 2026 from USD 175.1 million a year earlier. Exports surged 43.4% year-on-year to USD 1,657.5 million, while imports jumped 24.5% to USD 1,240.8 million. For the January-May period, the trade surplus increased sharply to USD 3,565.2 million from USD 860.6 million a year earlier. Exports rose 56.9% year-on-year to USD 8,470.5 million, driven by higher shipments of mineral products (62.1%), textiles and textile articles (71.5), food products (37.1%), and natural or cultured stones and precious metals (22.9%). China accounted for 93.6% of total exports, followed by Switzerland (3.9%) and the US (0.9%). Meanwhile, imports increased by 3.1% to USD 3,668.6 million, supported by gains in mineral products (41.3%), base metals and articles thereof (15.0%), and machinery, equipment, and electric appliances (9.4%). China remained the largest source of imports (38.8%), followed by Russia (29.7%) and Japan (8.7%).

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%).