In recent years, Mongolia's cashmere industry has been flourishing, with a significant increase in the export of cashmere wool to various countries around the world. With the demand for high-quality cashmere products on the rise, Mongolia has become a key player in the global cashmere export market. According to the Mongolia export data and Mongolia customs data, the total value of Mongolian cashmere exports reached $70.56 million in 2024, a major decline of 28% from the previous year. As per the Mongolia cashmere export data for 2025, the total value of Mongolia’s cashmere exports accounted for over $8 million in the first quarter of 2025.
Mongolia produces some of the world’s finest cashmere, an industry prized as "white gold." Mongolia is the 6th largest cashmere exporter in the world, as per the global trade data. As the second-largest producer globally, just behind China, Mongolian cashmere is both a cultural heritage and economic lifeline for nomadic communities, as per Mongolia’s cashmere production. But the industry sits at a crossroads in 2024–25, with climate shocks, policy pivots, and bold ambitions reshaping its trajectory. This blog uncovers export volumes, value trends, shocks hitting supply, industrial responses, and future forecasts for Mongolian cashmere export data in 2024-25. Let’s break it all down by the numbers.
Overview of Mongolia's Cashmere Industry
Mongolia is known for producing some of the finest cashmere wool in the world, and Cashmere is among Mongolia’s major exports. The country's harsh climate and rugged terrain have created the perfect conditions for raising cashmere goats, whose fine, soft undercoat is harvested to produce luxurious cashmere yarn. The cashmere industry plays a crucial role in Mongolia's economy, providing employment opportunities for thousands of herders and contributing to the country's GDP. Mongolia's cashmere exports have been steadily increasing over the years, with a growing demand for Mongolian cashmere in international markets.
Detailed Insights into the Exports of Mongolian Cashmere
Diminished Exports in Q1 2024: The Mongolian Customs General Administration reports that the country's combed cashmere exports fell by 55% in the first quarter of 2024 as compared to the same time in 2023.
Volume and Value of Exports: Mongolia exported 72.3 tons of combed cashmere worth 8.5 million USD in the first quarter of 2024.
Government Initiatives: To increase cashmere processing capacity, the Mongolian government has allocated 198 billion tugriks (57.5 million USD) as part of the "White Gold" campaign.
Future Objectives: By 2028, the domestic cashmere market is expected to have 40% deep processing and 100% primary processing.
Economic Importance: Trailing only behind gold and copper in terms of exports, cashmere is a vital source of income for many Mongolians and a substantial contributor to the nation's GDP.
Global Market: According to the World Bank, Mongolia is the second-biggest producer of raw cashmere, with a market share that has been steadily rising to 40%.
Sustainable Practices: With an emphasis on community development, environmental preservation, and animal care, programs such as the "Good Cashmere Standard" are encouraging ecological cashmere production in Mongolia and elsewhere.
Mongolia’s Cashmere Exports by Country in 2024
Overview and Key Highlights
Italy is the dominant market, taking around 80% of all combed cashmere exported from Mongolia in 2024. 
China remains the leading importer of washed goat cashmere, accounting for 99.0% of those exports. 
In 2024, Mongolia exported wool, animal hair, horsehair yarn, and fabric (which includes raw and semi-processed cashmere) to China worth USD 164.82 million. 
Italy imported USD 56.20 million worth of wool and related textiles from Mongolia in 2024.  
Top 10 Mongolian Cashmere Export Destinations: Mongolia Cashmere Exports by Country
Mongolia's cashmere industry has witnessed significant growth in recent years, with the country emerging as a key player in the global market. The top 10 Mongolian cashmere export destinations include countries such as China, Italy, the United States, Germany, Japan, and South Korea, as per Mongolia customs data. Mongolia's high-quality cashmere products have garnered international acclaim, attracting buyers from around the world. The top 10 export destinations for Mongolian cashmere, as per Mongolia cashmere exports by country and Mongolia shipment data for 2024-25, include: 
1. Italy: $54.158 million (76.8%)
Italy stands out as the biggest export destination for Mongolian cashmere exports, accounting for a whopping 76.8% of the total cashmere exported, as per the data on Italy cashmere imports from Mongolia. Italian consumers appreciate the superior quality of Mongolian cashmere and are willing to pay a premium for it.
2. France: $6.78 million
France is another significant market for Mongolia's cashmere, with exports totaling $6.78 million. French fashion houses and luxury brands often source their cashmere from Mongolia due to its reputation for producing some of the finest cashmere in the world.
3. China: $6.50 million
Despite being a major producer of cashmere itself, China also imports cashmere from Mongolia. Chinese consumers value the softness and warmth of Mongolian cashmere, making it a popular choice in the Chinese market.
4. South Korea: $1.53 million
South Korea is an emerging market for Mongolian cashmere, with exports reaching $1.53 million in 2024-25. The demand for luxury cashmere products in South Korea has been on the rise, further fueling the growth of Mongolian cashmere exports to the country.
5. United Kingdom: $720K
The United Kingdom is also a significant importer of Mongolian cashmere, with exports totaling $720K. British consumers appreciate the quality and craftsmanship of Mongolian cashmere, making it a sought-after luxury item in the UK market.
6. Nepal: $355K
Nepal may be a smaller market compared to some of the other countries on this list, but it still plays a role in the demand for Mongolian cashmere. With exports amounting to $355K, Nepal demonstrates a growing interest in high-quality cashmere products from Mongolia.
7. Germany: $312K
Germany is another European country that imports Mongolian cashmere, with exports totaling $312K. German consumers value the sustainability and ethical practices of Mongolian cashmere producers, making it a popular choice in the German market.
8. India: $168K
India may be better known for its textile industry, but it also imports Mongolian cashmere. With exports of $168K, India demonstrates a growing interest in luxury cashmere products from Mongolia.
9. Japan: $16K
Japan, known for its appreciation of high-quality fabrics, is a growing market for Mongolian cashmere. Despite relatively lower exports of $16K, Japan's demand for Mongolian cashmere is on the rise.
10. USA: $8K
Rounding out the top 10 list is the USA, with exports of Mongolian cashmere totaling $8K. While the US may not be among the largest importers of Mongolian cashmere, there is a niche market for luxury cashmere products in the country.
See more on the link https://www.tradeimex.in/blogs/mongolia-cashmere-export-data-2025 

Published Date:2025-08-14