FX.co ★ Mongolia Trade Surplus Hits 10-Year High

In December 2025, Mongolia experienced a substantial increase in its trade surplus, reaching USD 857.9 million, a significant rise from USD 159.3 million recorded during the same month of the previous year. This figure marks the highest trade surplus since January 2016. The surge was primarily driven by a notable 65.9% year-on-year jump in exports, soaring to a record-breaking USD 1,964.7 million, while imports climbed by 8% to USD 1,106.8 million.

Throughout 2025, Mongolia's trade surplus ascended to USD 4,389.4 million, up from USD 4,168.7 million the year before. However, exports saw a slight decline of 0.5% year-on-year, totaling USD 15,701.5 million. This decrease was largely due to reduced shipments in mineral products, which fell by 3.5%, and textiles and textile articles, which dropped by 2.7%. China was the primary destination for these exports, accounting for 89.4% of the total, followed by Switzerland at 6.9% and the United States at 0.8%.

Conversely, imports decreased by 2.6%, reaching USD 11,312.1 million, impacted by a reduction in the purchase of transport vehicles and spare parts, which declined by 16.7%, and a slight drop in machinery, equipment, and electric appliances by 2.1%. China led the share of total imports at 40.9%, followed by Russia at 24.5% and Japan at 9.6%.