FX.co ★ Mongolia Trade Surplus Widens in May

Mongolia’s trade surplus widened to USD 416.6 million in May 2026, up from USD 175.1 million in May 2025. Exports rose 43.4% year-on-year to USD 1,657.5 million, while imports increased 24.5% to USD 1,240.8 million.

Over the January–May period, the trade surplus expanded sharply to USD 3,565.2 million from USD 860.6 million a year earlier. Exports grew 56.9% year-on-year to USD 8,470.5 million, supported by robust shipments of mineral products (up 62.1%), textiles and textile articles (up 71.5%), food products (up 37.1%), and natural or cultured stones and precious metals (up 22.9%). China remained Mongolia’s dominant export market, accounting for 93.6% of total exports, followed by Switzerland (3.9%) and the United States (0.9%).

Imports for January–May rose 3.1% to USD 3,668.6 million, underpinned by higher purchases of mineral products (up 41.3%), base metals and related articles (up 15.0%), and machinery, equipment, and electrical appliances (up 9.4%). China was the largest source of imports, with a 38.8% share, followed by Russia (29.7%) and Japan (8.7%).