FX.co ★ Mongolia Trade Surplus Widens Sharply in June

Mongolia's trade surplus widened sharply to USD 687.8 million in June 2026, up from USD 191.9 million in June 2025. Exports jumped 62.6% year-on-year to USD 1,923.4 million, significantly outpacing a 24.7% increase in imports to USD 1,235.6 million.

In the first half of 2026, exports surged 57.9% to USD 10,393.9 million, compared with USD 6,581.3 million a year earlier. This growth was driven primarily by mineral products, whose exports rose 64.5% and accounted for 97.6% of total exports. Within this category, copper ores and concentrates represented 44.7% of exports, while bituminous coal accounted for 37.9%.

China remained Mongolia’s dominant export market, absorbing 94.1% of total exports, followed by Switzerland with 3.6%.

Imports increased at a more moderate pace, rising 10.6% to USD 6,116.9 million in the first half of 2026, from USD 5,528.8 million a year earlier. Petroleum products made up 22.3% of total imports, followed by machinery and equipment at 20.7%, which grew 11.6%, and transport vehicles at 15.8%, which declined 21.5%.

On the import side, China was the largest supplier with a 39.7% share, followed by the Russian Federation at 28.4% and Japan at 9%.