Imports to Mongolia jumped 25.3 percent year-on-year to USD 496 million in November 2018. Considering the first eleven months of the 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). Imports in Mongolia averaged 229.47 USD Million from 1997 until 2018, reaching an all time high of 748.75 USD Million in August of 2011 and a record low of 14.66 USD Million in January of 1999.
Imports in Mongolia is expected to be 565.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Mongolia to stand at 430.00 in 12 months time. In the long-term, the Mongolia Imports is projected to trend around 510.00 USD Million in 2020, according to our econometric models.