Mongolia’s trade surplus narrowed to USD 215.7 million in July 2025 from USD 345.6 million in the same month of the previous year, as exports fell much faster than imports.
Exports declined by 15.1% year-on-year to USD 1,171 million while imports fell at a softer 7.6% to USD 955 million.
For the January-July period, the trade surplus shrank to USD 1,270.8 million from USD 2,856.7 million a year earlier.
Exports declined by 16.4% from a year earlier to USD 9,268.6 million from USD 7,751.5 million, driven by sales of coal, washed cashmere, crude petroleum oils, sheep and goat meat, and iron ores and concentrates.
China remained Mongolia’s largest export market, accounting for 91.9% outbound shipments.
Meanwhile, imports rose by 1.1% to USD 6,480.8, mainly due to higher purchases of passenger cars, spare parts for vehicles, and alcoholic beverages.
Among trading partners, China accounted for the largest share of imports (38.7%), followed by Russia (23.6%), and Japan (12.3%).

Published Date:2025-08-14