Mongolia’s Trade Surplus Narrows in July www.tradingview.com

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%).

Mongolian Cashmere Export Data 2025: Mongolia Exports of Cashmere Wool www.tradeimex.in

In recent years, Mongolia's cashmere industry has been flourishing, with a significant increase in the export of cashmere wool to various countries around the world. With the demand for high-quality cashmere products on the rise, Mongolia has become a key player in the global cashmere export market. According to the Mongolia export data and Mongolia customs data, the total value of Mongolian cashmere exports reached $70.56 million in 2024, a major decline of 28% from the previous year. As per the Mongolia cashmere export data for 2025, the total value of Mongolia’s cashmere exports accounted for over $8 million in the first quarter of 2025.
Mongolia produces some of the world’s finest cashmere, an industry prized as "white gold." Mongolia is the 6th largest cashmere exporter in the world, as per the global trade data. As the second-largest producer globally, just behind China, Mongolian cashmere is both a cultural heritage and economic lifeline for nomadic communities, as per Mongolia’s cashmere production. But the industry sits at a crossroads in 2024–25, with climate shocks, policy pivots, and bold ambitions reshaping its trajectory. This blog uncovers export volumes, value trends, shocks hitting supply, industrial responses, and future forecasts for Mongolian cashmere export data in 2024-25. Let’s break it all down by the numbers.
Overview of Mongolia's Cashmere Industry
Mongolia is known for producing some of the finest cashmere wool in the world, and Cashmere is among Mongolia’s major exports. The country's harsh climate and rugged terrain have created the perfect conditions for raising cashmere goats, whose fine, soft undercoat is harvested to produce luxurious cashmere yarn. The cashmere industry plays a crucial role in Mongolia's economy, providing employment opportunities for thousands of herders and contributing to the country's GDP. Mongolia's cashmere exports have been steadily increasing over the years, with a growing demand for Mongolian cashmere in international markets.
Detailed Insights into the Exports of Mongolian Cashmere
Diminished Exports in Q1 2024: The Mongolian Customs General Administration reports that the country's combed cashmere exports fell by 55% in the first quarter of 2024 as compared to the same time in 2023.
Volume and Value of Exports: Mongolia exported 72.3 tons of combed cashmere worth 8.5 million USD in the first quarter of 2024.
Government Initiatives: To increase cashmere processing capacity, the Mongolian government has allocated 198 billion tugriks (57.5 million USD) as part of the "White Gold" campaign.
Future Objectives: By 2028, the domestic cashmere market is expected to have 40% deep processing and 100% primary processing.
Economic Importance: Trailing only behind gold and copper in terms of exports, cashmere is a vital source of income for many Mongolians and a substantial contributor to the nation's GDP.
Global Market: According to the World Bank, Mongolia is the second-biggest producer of raw cashmere, with a market share that has been steadily rising to 40%.
Sustainable Practices: With an emphasis on community development, environmental preservation, and animal care, programs such as the "Good Cashmere Standard" are encouraging ecological cashmere production in Mongolia and elsewhere.
Mongolia’s Cashmere Exports by Country in 2024
Overview and Key Highlights
Italy is the dominant market, taking around 80% of all combed cashmere exported from Mongolia in 2024. 
China remains the leading importer of washed goat cashmere, accounting for 99.0% of those exports. 
In 2024, Mongolia exported wool, animal hair, horsehair yarn, and fabric (which includes raw and semi-processed cashmere) to China worth USD 164.82 million. 
Italy imported USD 56.20 million worth of wool and related textiles from Mongolia in 2024.  
Top 10 Mongolian Cashmere Export Destinations: Mongolia Cashmere Exports by Country
Mongolia's cashmere industry has witnessed significant growth in recent years, with the country emerging as a key player in the global market. The top 10 Mongolian cashmere export destinations include countries such as China, Italy, the United States, Germany, Japan, and South Korea, as per Mongolia customs data. Mongolia's high-quality cashmere products have garnered international acclaim, attracting buyers from around the world. The top 10 export destinations for Mongolian cashmere, as per Mongolia cashmere exports by country and Mongolia shipment data for 2024-25, include: 
1. Italy: $54.158 million (76.8%)
Italy stands out as the biggest export destination for Mongolian cashmere exports, accounting for a whopping 76.8% of the total cashmere exported, as per the data on Italy cashmere imports from Mongolia. Italian consumers appreciate the superior quality of Mongolian cashmere and are willing to pay a premium for it.
2. France: $6.78 million
France is another significant market for Mongolia's cashmere, with exports totaling $6.78 million. French fashion houses and luxury brands often source their cashmere from Mongolia due to its reputation for producing some of the finest cashmere in the world.
3. China: $6.50 million
Despite being a major producer of cashmere itself, China also imports cashmere from Mongolia. Chinese consumers value the softness and warmth of Mongolian cashmere, making it a popular choice in the Chinese market.
4. South Korea: $1.53 million
South Korea is an emerging market for Mongolian cashmere, with exports reaching $1.53 million in 2024-25. The demand for luxury cashmere products in South Korea has been on the rise, further fueling the growth of Mongolian cashmere exports to the country.
5. United Kingdom: $720K
The United Kingdom is also a significant importer of Mongolian cashmere, with exports totaling $720K. British consumers appreciate the quality and craftsmanship of Mongolian cashmere, making it a sought-after luxury item in the UK market.
6. Nepal: $355K
Nepal may be a smaller market compared to some of the other countries on this list, but it still plays a role in the demand for Mongolian cashmere. With exports amounting to $355K, Nepal demonstrates a growing interest in high-quality cashmere products from Mongolia.
7. Germany: $312K
Germany is another European country that imports Mongolian cashmere, with exports totaling $312K. German consumers value the sustainability and ethical practices of Mongolian cashmere producers, making it a popular choice in the German market.
8. India: $168K
India may be better known for its textile industry, but it also imports Mongolian cashmere. With exports of $168K, India demonstrates a growing interest in luxury cashmere products from Mongolia.
9. Japan: $16K
Japan, known for its appreciation of high-quality fabrics, is a growing market for Mongolian cashmere. Despite relatively lower exports of $16K, Japan's demand for Mongolian cashmere is on the rise.
10. USA: $8K
Rounding out the top 10 list is the USA, with exports of Mongolian cashmere totaling $8K. While the US may not be among the largest importers of Mongolian cashmere, there is a niche market for luxury cashmere products in the country.
See more on the link https://www.tradeimex.in/blogs/mongolia-cashmere-export-data-2025 

Mongolia's July coal exports rebound 7% MoM www.mysteel.com

Mongolia's exports of coal and lignite in July rose by 7.2% from June to total 6.54 million tonnes, snapping the declines recorded during the previous three months, Mysteel Global calculated based on data from Mongolia's Customs General Administration.
All of Mongolia's coal and lignite exports in July were delivered to China, the Mongolian Customs statistics showed.     Within the total, imports pf anthracite, bituminous coal – mainly coking coal used for steelmaking – and other coal reached 6.27 million tonnes, climbing 9% on month.

Border guards actively participating in conservation www.mongolia.panda.org

WWF-Mongolia has been implementing the 'Border Green Zone' initiative since 2021. As part of the initiative, targeted awareness activities are being organized annually. 
According to the Law on Border, a green zone is an area designated up to 15 kilometers from the state border line, regulated under special provisions. The primary objective of this designation is to protect the region’s biodiversity through coordinated efforts with the military frontier units stationed in these areas. Therefore, building environmental awareness and understanding of biodiversity among border personnel is a crucial component of this initiative. As part of this initiative, WWF-Mongolia, in collaboration with the border unit in Dadal soum, Khentii province, successfully implemented the “Value of green zone in the border area” event. This year’s event was particularly noteworthy. It concluded a themed competition “Border Guards – Nature Protector,” which was aimed at engaging border soldiers in conservation efforts. The event also promoted the importance of Protected Areas.
During the month-long campaign, border troops carried out a variety of conservation activities. For example, each border post of the participating unit adopted a conservation value. In addition, every unit actively participated in tree planting. Patroling and inspections were also conducted along the border to prevent violations and environmental crimes. 
Collaboration is essential in conservation work. The border troops have expanded the network of volunteer rangers and helped involve locals  in conservation activities. During the awareness campaign, a photo exhibition was organized to showcase the value of the “Border Green Zone.” Short videos created by the border guards were also presented to the public. 
Participants emphasized that the growing enthusiasm and initiative of border guards in conservation efforts year after year is a direct result of the “Border Green Zone” initiative.

“Chinggis Khan Mission”: Thai corporations forge new partnerships in Mongolia www.nationthailand.com

Leading Thai companies are exploring partnerships in healthcare, wellness, and tourism with Mongolia, marking 51 years of diplomatic relations.
On August 1–2, 2025, leading Thai corporations travelled to Mongolia to strengthen economic cooperation in healthcare, wellness, and tourism, marking the 51st anniversary of diplomatic relations between the two nations.
Organized by the Thai Cultural Council in Mongolia (tccmthai.org), the 17th overseas Thai Cultural Council under Thailand’s Ministry of Culture, in partnership with the Mongolia Honorary Consul in Phuket and Phang-nga, and the Thai Honorary Consul in Mongolia, the event brought together prominent Thai companies, including Bumrungrad International Hospital, Bangkok Hospital (BDMS), MEDEZE Group (Public) Co., Ltd., Bangkok Aviation Fuel Services (Public) Co., Ltd., Star Money (Public) Co., Ltd., Nextgoal Business and Consultant Co., Ltd., and VST ECS (Thailand) Co., Ltd.
The Thai delegation presented investment opportunities and explored collaborations during Thai Fair 2025 and business matching sessions held at Sukhbaatar Square and the Blue Sky Hotel in Ulaanbaatar.
A First Step with Remarkable Results
Nattapong Punthakeirtpaisarn, Mongolia Honorary Consul of Phuket and Phang-nga, called the event “the first jointly organised initiative between the Thai and Mongolian private sectors” and noted its immediate impact—some Thai corporations received strong interest from Mongolian partners for future collaboration.
The delegation was warmly welcomed by Delgersaikhan Borkhuu, Mongolia’s Minister of Roads and Transport Development, who discussed investment opportunities, including airport expansion and the potential for year-round direct flights between Thailand and Mongolia. These proposals will be presented to the Thai government for consideration and review.
Bumrungrad International Hospital showcased its internationally acclaimed medical services, advanced treatments, and cutting-edge diagnostic technology. The hospital collaborates closely with local partners, including Khulan Tserennyam and UB Songdo Hospital, to establish trust in the Mongolian market and enhance cross-border medical care.
Bangkok Hospital, represented by Benjamas Sittiwongvanich and Shirong Guan, outlined its extensive healthcare offerings—from specialised treatments to wellness and aesthetic services. The hospital also promoted its partnership with MIAT Mongolian Airlines, offering passengers special discounts at Bangkok Hospital Phuket and BDMS Wellness Clinic.
MEDEZE Group, led by CEO Dr Veerapol Khemarangsan, presented research on stem cell and NK cell applications in anti-ageing, alternative medicine, and cancer treatment. The presentation led to an immediate invitation to collaborate with a private hospital in Mongolia.
Tourism and Wellness Opportunities
Next Goal Marketing and Business Consultant Co., Ltd., represented by Sumaytinee Wongrungroj, introduced M Gallery MontAzure, a beachfront real estate project in Phuket, along with integrated health and wellness tourism services. These packages cater to Mongolian visitors seeking both medical treatment and leisure experiences in Thailand.
N2A Longevity Partner, led by Arunee Thiemhong, expressed enthusiasm for building a wellness tourism network in Mongolia and praised the warm reception from local businesses.
Mongolian Perspectives
Dr Otgonbayar Maidar of Endogen Medical Hospital stated that this partnership would significantly improve Mongolian healthcare through patient referrals and knowledge exchange, ultimately benefiting both economies.
Looking Ahead
Encouraged by the event’s success, Nattapong confirmed plans for a return mission in September 2026 with an expanded range of industries and cultural activities.
“This is just the first phase of the ‘Chinggis Khan Mission’,” he said. “We have many more initiatives to pursue to achieve tangible benefits for both nations.”

Early Childhood Development Center to be opened in Mongolia with support of UNICEF and UK Embassy www.akipress.com

UNICEF and the British Embassy in Mongolia have signed a partnership agreement to launch the "Growing Up Green" project - a climate-smart Early Childhood Development Center in Orkhon province, Montsame reported.
The project will renovate an existing public building in Bayan-Ondor district, transforming it into a coal-free, energy-efficient, and child-friendly environment. Once operational, the center will provide healthcare, nutrition, early childhood education, and parental support services for over 500 children aged under five.
The project is being implemented with co-funding from the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom and the Governor's Office of Orkhon province.
"This partnership brings together two of Mongolia's most pressing priorities: climate action and early childhood development. By phasing out coal and transitioning to renewable energy, we are safeguarding children's health and ensuring a greener future for them," UNICEF Representative in Mongolia Evariste Kouassi-Komlan said.
"The United Kingdom has long supported Mongolia's efforts to achieve a greener future and inclusive development. That's why we’re proud to support this initiative that promotes local development. We remain committed to cooperating with international partners to protect the environment, support child development, and build a future where every child can thrive in a healthy and safe environment," British Ambassador to Mongolia Fiona Blyth highlighted.
The project will reduce heat loss at the ECD Center by installing a solar-powered heating system, an indoor air-conditioning system, and creating an outdoor landscape area. In addition, the center plans to offer training programs for parents and caregivers on parenting, nutrition, health, and sustainable living.
The initiative, aligned with Mongolia's National Early Childhood Development Program and the goals of the Paris Agreement, will serve as a pilot project to demonstrate the feasibility of integrating renewable energy into local infrastructure. Over the next five years, the model will be scaled across the country, eliminate coal use in public buildings, and strengthen local climate change resilience.
The project is scheduled to begin in August 2025 and end in March 2026.

Cabinet Considers Loan Agreement Draft for National Cardiovascular Center Project www.montsame.mn

Mongolia changes direction to ban all forms of gambling www.sbcnews.co.uk

The Great Khural of Mongolia has voted on legislative amendments that will prohibit all activities related to paid predictions, sports betting, and online gambling.
Announced by the Great Khural’s press service, Mongolian legislators have reviewed and approved amendments to the country’s Law on Licensing in March which clamp down on both online and retail betting. 
Montsame, the state news agency of Mongolia, also reports that predictions have been banned as well. Mongolians have also been banned from using payment accounts, electronic money, virtual assets, communication networks or electronic IDs to organise betting, gambling, or predictions.
Anyone who organises online or in-person betting or gambling will be considered breaking the law under Mongolia’s criminal code and could be subject to fines, community service, travel restrictions or imprisonment.
This marks a further shrinking of legal gaming activities in Mongolia, which already has quite strict laws around gambling – something that is not that uncommon in East Asia with most countries’ possessing frameworks that are far cry from the liberal standards seen in markets like the UK, Ireland or France, for example.
Mongolia has had legal sports betting markets for some time, as well as legal lotteries, but both physical and online casinos are illegal. According to Montsame, legislators have now put betting in this bracket.
Choosing prohibition, Mongolia take a markedly different approach to gambling regulation. In the run-up to March 2025, the government signalled support for a launching a  tightly regulated licensing regime for sports betting, while maintaining a blanket ban on all other gambling activities
The country’s strict standards on gambling are well-known to most stakeholders, however, with the likes of Meta being aware enough to include Mongolia on a list of countries where gambling ads cannot be displayed on its social media platforms like Facebook.
The sweeping prohibitions in Mongolia’s gambling laws coincide with the arrival of new leadership under Prime Minister Zandanshatar Gombojav. While the People’s Party leader has not publicly addressed the reforms, he has emphasised his commitment to tackling money laundering, financial crime, and the outflow of national capital.
A stumbling block for Asian gaming
In the grand scheme of things, further restrictions on betting in Mongolia will not come as much of a shock to many gambling PLCs during H1 results season due to the market being relatively untargeted.
It may come as a blow to some stakeholders hoping to see a wave of liberalisation across Asian markets, however. Some, like Sportradar, expect regulatory transitions across the Asia-Pacific region in 2025 which will present opportunities for betting and iGaming firms.
Thailand has been mulling up launching casinos to further bolster its tourism sector, the UAE has launched a gambling regulator for similar reasons, and the South Korean esports industry is calling for another look at betting regulation in the country, for example.
The recent developments in Mongolia show that these trends are not universal, however, as do the recent calls for a ban on online gaming in India while the country’s eighth largest state, Karnataka, is moving to ban online betting.
Predictions included
The inclusion of prediction markets in this legislative move, according to the state news agency, is also interesting. 
Mongolian authorities have clearly paid attention to the growth of prediction markets like Polymarket, which has found success globally and has just marked its return to the US, where Kalshi has established itself as the prediction market leader.
The popularity of prediction markets in the US has prompted a debate as to whether these companies’ products can be considered a form of gambling or not. This debate has quieted down at the federal level, but Kalshi is still finding itself at odds with several state regulators.
Meanwhile, countries in Europe and Asia like Belgium and Singapore have also decided against prediction markets, with both nations declaring Polymarket an illegal gambling website. Mongolia seems to be taking a similar approach to prediction markets.

State Great Khural Endorses Credit Ratings to Improve Citizens’ Financial Planning www.montsame.mn

Although borrower information is centralized in a database under the current legislation of the Law on Credit Information of Mongolia, the utilization of the information or the approval of scoring methodologies by the authority has not been regulated.
Therefore, the Law on Amendments to the Law on Credit Information introduces new regulations, including the determination of borrower creditworthiness, the setting of product and service fees, the use of credit information exclusively for assessing creditworthiness, and the prohibition of using such information for purposes not specified in the law.
With the adoption of the Law, citizens will be encouraged to develop a culture of understanding their credit scores and making timely payments to improve them. This will help individuals plan their business finances more effectively, enhance financial discipline, correct any inaccuracies in the credit database, and prevent other risky financial behaviors.
The credit information database contains data on loans and payment obligations of government and private sector organizations, citizens, and enterprises. The data is supplied from 12 banks, 436 non-bank financial institutions, telecommunications companies, ministry and agency-managed funds, and savings and credit cooperatives. According to the Media and Public Relations Department of the State Great Khural (Parliament) of Mongolia, the database stores loan information of 1.6 million citizens and 19,600 enterprises as of this year.

MNT 14.1 billion to be spent on milk supply incentives www.gogo.mn

A public debate on the 2026 budget draft for the food and agriculture sector was held on August 11.
Agricultural land makes up 73% of Mongolia’s territory, but only 1 percent, about 700,000 hectares, is cultivated. The food, agriculture, and light industry sector contributes 35.6% of GDP and 6.5% of export revenue. 
According to the State Secretary of the Ministry of Food, Agriculture, and Light Industry T.Jambaltseren, the Ministry has allocated MNT 99.6 billion in the 2026 budget for implementing the national food program. Of this, 84.5% will go toward interest discounts on loans issued in 2023–2025, while MNT 14.1 billion is designated for subsidies.
The subsidies will include a cash bonus for each liter of liquid milk supplied during the winter to meet the food needs of Ulaanbaatar and other central areas.