Mongolia

In 2013, the value of merchandise exports of Mongolia was 4.3 bln US$, while its merchandise imports was 6.4 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 2.1 bln US$ (see graph 1). The largest merchandise trade balance was with MDG CIS at -1.7 bln US$ (see graph 4). Merchandise exports in Mongolia were highly concentrated amongst partners; imports were moderately concentrated. The top 1 partner accounted for 80 percent or more of exports and 7 partners accounted for 80 percent or more of imports (see graph 5). In 2010, the value of exports of services of Mongolia increased substantially by 17.2 percent, reaching 486.0 mln US$, while its imports of services increased substantially by 39.9 percent and reached 780.5 mln US$ (see graph 2). There was a moderate trade in services deficit of 294.5 mln US$.

Related Subject(s): International Trade and Finance

Countries: Mongolia