In the first quarter of 2025, Mongolia traded with 128 countries, with exports reaching USD 3 billion and imports USD 2.5 billion, gaining USD 465.1 million in profit, according to the National Statistics Office of Mongolia.
In the first three months of 2025, imports rose by USD 133.4 million compared to the same period last year. This increase was driven by purchases from foreign countries., These include USD 73.6 million on passenger vehicles, USD 21.9 million on diesel fuel, USD 21.3 million on auto parts, USD 18.3 million on trucks, and USD 11.7 million on cell phones.
Imports consisting of mineral products, vehicles and mechanical products, consumer electronics, vehicles, and spare parts make up 74.5 percent of total imports.
Copper ore and copper concentrate ore exports rose by USD 291.8 million, zinc ore and zinc concentrate by USD 39.7 million, and fluorite and fluorspar by USD 29.3 million.
The price of gold rose by USD 693.6 per ounce and copper ore and copper concentrate by USD 291.5 per ton compared to the same period in 2024.
Coal made up 48.3 percent of exports to the People's Republic of China, and copper and copper concentrate made up 33.5 percent. Raw and refined gold constituted 99.3 percent of total exports to Switzerland.
Iron ore and iron concentrate prices fell by USD 7.6 per ton and coal by USD 47.1 per ton.
In the first three months of 2025, Gashuun Sukhait cross-border railroad port was the main gateway for coal exports, amounting to 49.1 percent. This is down by 3.4 percentage points compared to the same period in 2024. Six countries make up 86.3 percent of the total imports to Mongolia. Specifically, 33.1 percent from China, 27.6 percent from Russia, 13.8 percent from Japan, 4.9 percent from the U.S., 4 percent from Korea, and 2.9 percent from Germany.
Of the total imports from Russia, oil accounted for 76.7 percent. Vehicles made up 81.4 percent of imports from Japan and 10.2 percent from China.

Published Date:2025-04-17