Mongolia

Asia & Middle East
Mongolia world map

Trade in Mongolia

Mongolia was the world’s 90th largest exporter of goods and 104th largest exporter of commercial services in 2021. Export values were $9,241 and $715 million USD respectively. Mongolia’s top export category was fuels and mining products, followed by agricultural products, and manufactures. In 2020, Mongolia’s main export destination markets for goods and services trade were to China, Switzerland and Singapore, with trade representing 112.84 per cent of GDP. In terms of imports, Mongolia’s import values were $6,846 and $2,027 million USD respectively in 2021. Mongolia’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were China, the Russian Federation and Japan. Mongolia is part of 1 Regional Trade Agreement,  Armenia – Moldova, Central European Free Trade Agreement (CEFTA) 2006 and EU – Moldova.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Mongolia

Abbreviation

MN

Capital

Ulaanbaatar

WTO Membership Date

29 January 1997

Legal System

civil law system influenced by Soviet and Romano-Germanic legal systems; constitution ambiguous on judicial review of legislative acts

Language

Khalkha Mongolian

Number of Time Zone(s)

2

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Mongolian tögrög

Exchange Rate

 Google Finance Currencies

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • Mongolian Export Program

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.

  • Animal health:


    Kh. Altangerel


    Senior Officer


    Livestock Development Policy and Coordination Department


    Phone: +(976) 9968 9109


    Website: www.mofa.gov.mn/exp/

    Ministry of Food, Agriculture and Light Industry


    Peace avenue 16/A

    [email protected]

  • Food safety:

    A. Amarjargal

    Officer

    Policy and Planning Department

    Phone: +(976) 99193470

    Website: www.mofa.gov.mn/exp/

    Ministry of Food, Agriculture and Light Industry

    Peace avenue 16/A

    [email protected]

  • Plant health:
    B. Uranchimeg
    Officer
    Policy and Planning Department
    Phone: +(976) 99049885
    Website: www.mofa.gov.mn/exp/

    Ministry of Food, Agriculture and Light Industry
    Peace avenue 16/A

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.

  • National Enquiry Point and Standards Information Center
    Mongolian Agency for Standardization and Metrology (MASM)
    Phone: +(976) 51 263860
    Website: http://www.masm.gov.mn

    P.O. Box - 48
    Peace street 46A
    Ulaanbaatar 210351

    [email protected]

Additional Information

 ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

Trade Information Portal

 https://www.mongoliatradeportal.gov.mn/

Last Reviewed: June, 2023

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Get started with guides for Businesses

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

Get started with guides for Policymakers

Resources related to Mongolia

  • View Resource

    Asian Trade Centre

    This is the homepage of Asian Trade Centre, the premier regional thought leader, advocate, and educator for trade in Asia.

    Source: Asian Trade Centre

    Businesses: Policymakers: Goods, Services, International Organization, Asia & Middle East,
  • View Resource

    2020 ADB Asia Small and Medium-Sized Enterprise Monitor Volume 1: Country and Regional Reviews

    This volume reviews micro, small, and medium-sized enterprises (MSMEs) in Southeast Asia. It provides data and analysis as a resource for evidence-based policy design on MSME development.

    Source: Asian Development Bank, 2020

    Policymakers: Goods, Services, Border Procedures & Trade Facilitation, Capacity Building, Asia & Middle East,
  • View Resource

    APEC Small and Medium Enterprises Working Group (SMEWG)

    This is the website of APEC’s Small and Medium Enterprises Working Group who works to encourage the development of SMEs and to build their capacity to engage in international trade.

    Source: Asia-Pacific Economic Cooperation (APEC)

    Businesses: Policymakers: Goods, Services, Capacity Building, International Organization, Asia & Middle East,
View all guides and resources
Global Trade Helpdesk Organization Logo

Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.

Visit the Global Trade Helpdesk site