Ulaanbaatar, June 10, 2026 /MONTSAME/. Mongolia traded with 145 countries during the first five months of 2026, with total foreign trade turnover reaching USD 13.4 billion, according to the National Statistics Office. Exports amounted to USD 8.5 billion, while imports totaled USD 4.9 billion, resulting in a trade surplus of USD 3.6 billion.

Compared to the same period last year, total trade turnover increased by 34.6% (USD 3.4 billion), exports rose by 56.9% (USD 3.1 billion), and imports grew by 8.1% (USD 367.5 million). The trade surplus expanded more than fourfold.

The growth in exports was mainly driven by higher shipments of copper concentrate, coal, gold, and lead concentrate. Copper concentrate and gold accounted for 49.7% of total exports, up 23 percentage points from a year earlier.

Mineral products, precious stones and metals, jewelry, and textiles made up 97.6% of total exports. China remained Mongolia's largest export destination, receiving most of the country's coal and copper concentrate exports, while nearly all exports to Switzerland consisted of unprocessed and semi-processed gold.

On the import side, increases were recorded in diesel fuel, gasoline, tires, and iron structures and components. Mineral products, machinery and equipment, electrical goods, vehicles and parts, and base metal products accounted for 71.9% of total imports.

China supplied 38.8% of Mongolia's imports, followed by Russia (29.7%), Japan (8.7%), the Republic of Korea (3.7%), the United States (3.3%), and Germany (2.1%), together accounting for 86.3% of total imports.

During the reporting period, gasoline imports reached 450,000 tonnes, up 36.2% year-on-year, while diesel fuel imports increased 15.5% to 820,300 tonnes. Gashuunsukhait and Zamiin-Uud ports handled 74.2% of Mongolia's total exports.

Unurzul.M

Published Date:2026-06-11