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🇲🇳 Mongolia’s Exports Surge 56.9% in the First Five Months, Driving a US$3.6 Billion Trade Surplus 📈

June 09, 2026

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🇲🇳 Mongolia traded with 145 countries during the first five months of 2026, with total foreign trade turnover reaching US$13.4 billion. Exports amounted to US$8.5 billion, while imports totaled US$4.9 billion, resulting in a trade surplus of US$3.6 billion.

  • ⛏️ Export growth was primarily driven by a significant increase in mineral exports. Copper concentrate exports rose by US$2.0 billion year-on-year, while coal exports increased by US$978.3 million, contributing substantially to the overall 56.9% growth in exports.

  • 📊 Copper concentrate accounted for 44.9% of total exports, while coal represented 37.8%, underscoring the continued dominance of the mining sector in Mongolia’s export structure.

🚛 Imports increased by 8.1% year-on-year to US$4.9 billion, supported by higher imports of diesel fuel, gasoline, new tires, and iron structures and components.

🌏 China remained Mongolia’s largest export destination, accounting for 93.6% of total exports. Of exports to China, 48.0% consisted of copper concentrate and 41.1% of coal.

💡 Ard Insight

The sharp rise in copper and coal exports has provided strong support to Mongolia’s external trade performance and trade surplus. However, export revenues remain highly concentrated in a limited number of mining commodities and are heavily dependent on the Chinese market. As a result, Mongolia remains exposed to fluctuations in commodity prices, external demand conditions, and cross-border logistics and transportation capacity.

Mongolia’s economy, stock market, politics, and mining news delivered first on ArdNews Brief in 5 minutes.

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