Mongolia’s foreign trade turnover reached USD 14.2 billion in the first seven months of 2025. During this period, the country traded with 152 nations worldwide. This level of trade shows Mongolia’s ongoing active participation in global markets despite some economic challenges. The total exports for the period stood at USD 7.8 billion. Meanwhile, imports totaled USD 6.5 billion. These figures led to a trade surplus of USD 1.3 billion.
However, this surplus was lower than the same period last year. Specifically, the total foreign trade turnover decreased by USD 1.4 billion compared to 2024. Exports also dropped by USD 1.5 billion, while the trade surplus declined by USD 1.6 billion. Interestingly, imports saw a slight rise of nearly USD 69 million.The main cause of the export decline was a sharp fall in coal shipments, which dropped by USD 2.4 billion. Washed cashmere exports also fell by USD 200.2 million, contributing to the overall drop. Crude oil exports decreased by USD 35.5 million.
Additionally, mutton and goat meat exports fell by USD 25.9 million, and iron ore and concentrates declined by USD 15.5 million. These significant decreases were key factors behind the fall in Mongolia’s foreign trade turnover.On the positive side, some export sectors experienced growth. For example, copper ore and concentrates exports increased by USD 1.1 billion. This gain helped offset some of the losses in other areas. Combed animal hair and fibers exports also rose by USD 42.6 million.
Furthermore, zinc ore and concentrates exports grew by USD 31.4 million. These increases highlight promising opportunities within Mongolia’s export profile. Overall, Mongolia’s foreign trade turnover reflects a mixed picture of setbacks and progress. While some traditional export commodities faced declines, others showed notable growth.
The rise in imports indicates strengthening domestic demand despite global uncertainties. As Mongolia moves through the remainder of 2025, the government and businesses aim to stabilize and further increase the country’s foreign trade turnover, supporting economic growth and international trade relations.
