Mongolia

Top Exports in 2024

Top Exports in 2024
HS6
Value (US$ million) Commodity Description Top Destinations
270112 8,170 Bituminous coal, whether or not pulverised but not agglomerated China
260300 3,326 Copper ores & concentrates China
710812 849 Gold (incl. gold plated with platinum), in unwrought forms (excl. powder) Switzerland
260111 508 Iron ores & concentrates (excl. roasted iron pyrites), non-agglomerated China
270900 322 Petroleum oils & oils obtained from bituminous minerals, crude China
252921 163 Fluorspar, containing by weight 97% or less of calcium fluoride China
261610 141 Silver ores & concentrates China
510219 136 Fine animal hair, not carded or combed, other than of Kashmir (cashmere) goats China
261390 130 Molybdenum ores & concentrates, other than roasted China
270210 120 Lignite, whether or not pulverised but not agglomerated (excl. jet) China
740311 120 Cathodes & sections of cathodes, of refined copper, unwrought China
260800 111 Zinc ores & concentrates China
Source: ADB calculations using data from UN Comtrade (accessed June 2025).

Top Imports in 2024

Top Imports in 2024
HS6
Value (US$ million) Commodity Description Top Source
870390 583 Vehicles principally designed for the transport of persons (excluding 87.02 & 8703.10-) Japan
870410 482 Dumpers designed for off-highway use China
870323 220 Vehicles (excluding 87.02 & 8703.10) principally designed for the transport of persons Japan
870324 169 Vehicles (excluding 87.02 & 8703.10) principally designed for the transport of persons Japan
880240 165 Aeroplanes and other aircraft, of an unladen weight >15,000 kg China
842952 163 Self-propelled mechanical shovels and excavators with a 360° revolving superstructure China
730890 144 Structures and parts of structures of iron or steel (excluding 7308.10–7308.40) China
271600 132 Electrical energy China
721420 118 Bars and rods of iron or non-alloy steel, containing indentations or ribs China
271019 105 Petroleum oils and oils obtained from bituminous minerals (excluding crude) and other preparations China
847490 93 Parts of the machinery of heading 84.74 China
300490 90 Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses Slovenia
Source: ADB calculations using data from UN Comtrade (accessed June 2025).

Main Trading Partners, 2024

Main Trading Partners, 2024
Export Destination Exports
(US$ million)
Rank Import Source Imports
(US$ million)
PRC 14,323 1 PRC 4,622
Switzerland 692 2 Russian Federation 3,078
Korea, Rep. of 131 3 Japan 899
Russian Federation 126 4 Korea, Rep. of 521
Italy 109 5 United States 353
United States 39 6 Germany 270
Iran, Islamic Republic of 37 7 Viet Nam 144
Taipei,China 29 8 Turkey 128
Kazakhstan 24 9 France 124
Egypt 18 10 Poland 119
Japan 18 11 Italy 113
Germany 15 12 India 85
Source: ADB calculations using data from IMF Direction of Trade Statistics (accessed October 2025).