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.

Published Date:2025-09-11