FX.co ★ Mongolia’s Trade Surplus Shrink in April

In April 2025, Mongolia's trade surplus narrowed to USD 219 million, compared to USD 275 million in the same month the previous year. Exports experienced a 4.5% decline year-on-year, amounting to USD 1,230 million, while imports saw a slight decrease of 0.1%, reaching USD 1,011 million. Over the period from January to April, the trade surplus significantly reduced to USD 683.2 million, a sharp drop from USD 1,511.1 million the previous year. The decline in exports, by 14.1% to USD 4,242.6 million, was primarily due to reduced sales of coal, crude petroleum oils, sheep and goat meat, as well as iron ores and concentrates. China continued to be Mongolia's largest export destination, accounting for 91.2% of its exports, with coal comprising 47.5% and copper ores and concentrates representing 35.5%. Conversely, imports increased by 3.9% to USD 3,559.4 million, largely driven by heightened purchases of cars, vehicle spare parts, and mobile phones. Among Mongolia’s trading partners, China held the largest share of imports at 35.3%, followed by Russia with 25.7%, and Japan at 13.2%.