Mongolia
Asia & Middle East
Trade in Mongolia
| Mongolia was the world’s 94th largest exporter of goods and 120th largest exporter of commercial services in 2022. Export values were $12.54 billion and $1.14 billion USD respectively. Mongolia’s top export category was Fuels and mining products, followed by Agricultural products, and Manufactures. In 2022, Mongolia’s main export destination markets for goods and services trade were to China, Switzerland and Singapore, with trade representing 136.33 per cent of GDP. In terms of imports, Mongolia is the world’s 123rd largest importer of goods and 93rd largest importer of commercial services. Import values were $8.70 billion and $3.49 billion USD respectively in 2022. Mongolia’s top import category was Manufactures, followed by Machinery and transport equipment and Fuels and mining products. Leading import partners were China, Russian Federation and Japan. Mongolia is part of 1 Regional Trade Agreements, which is Japan – Mongolia. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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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 InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Mongolian tögrög |
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Exchange Rate |
Google Finance Currencies |
Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://www.mongoliatradeportal.gov.mn/ |
Last Reviewed: June, 2024
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