Mongolia Records USD 16.6 Billion in Trade

Ulaanbaatar, September 11, 2025 /MONTSAME/. Mongolia conducted trade with 157 countries, recording a total foreign trade turnover of USD 16.6 billion over the first eight months of 2025, according to the National Statistics Committee.

Exports totaled USD 9.2 billion, while imports stood at USD 7.5 billion, resulting in a trade surplus of USD 1.7 billion.

However, compared to the same period last year, the total trade turnover declined by 8.2 percent (USD 1.5 billion).

Exports declined by 13.8 percent (USD 1.5 billion), while imports declined slightly by 0.3 percent (USD 24.7 million). As a result, the trade surplus was reduced by 46.2 percent, reaching USD 1.4 billion.

Exports Decline Driven by Coal and Cashmere

The drop in exports was primarily attributed to a significant reduction in coal exports, which fell by USD 2.7 billion. Other notable declines included:

• Washed cashmere: down USD 238.9 million
• Crude oil: down USD 43.3 million
• Semi-processed gold: down USD 35 million
• Sheep and goat meat: down USD 25.9 million

Despite these setbacks, some export categories showed growth:

• Copper ore and concentrate: up USD 1.5 billion
• Combed animal hair and bristles: up USD 88.8 million
• Zinc ore and concentrate: up USD 43.4 million

Imports Show Mixed Trends

Imports decreased slightly by USD 24.7 million, largely due to reduced purchases of:

• Trucks: down USD 128.9 million
• Public transport vehicles: down USD 44 million
• Bulldozers and excavators: down USD 32.5 million
• Diesel fuel: down USD 30.5 million
• Gasoline: down USD 23.3 million

In contrast, imports of passenger cars surged by USD 128.6 million, and alcoholic beverages rose by USD 16.5 million, slowing the downward trend.