FX.co ★ Mongolia Trade Surplus Hits Record High

Mongolia’s trade surplus surged to a record high of USD 939.4 million in March 2026, up from USD 174.0 million in March 2025. Exports jumped 82.9% year-on-year to USD 1,843.7 million, while imports increased 8.4% to USD 904.2 million.

Over the January–March period, the trade surplus widened sharply to USD 2,411.7 million from USD 467.1 million a year earlier. Exports rose 62.3% year-on-year to USD 4,889.0 million, driven mainly by higher shipments of mineral products (up 63.9%), natural or cultured stones and precious metals (up 87.7%), and textiles and textile articles (up 24.9%). China remained Mongolia’s dominant export market, accounting for 91.6% of total exports, followed by Switzerland (5.4%) and the United States (1.1%).

In contrast, imports fell 2.7% to USD 2,477.3 million, largely reflecting reduced purchases of transport vehicles and spare parts (down 35.3%) and machinery, equipment, and electric appliances (down 8.4%). China was the largest source of imports, supplying 35.7% of the total, ahead of Russia (30.2%) and Japan (9.6%).