14.11.202507:58:45UTC+00Mongolia Trade Surplus Near 3-Year High

Mongolia experienced a notable expansion in its trade surplus in October 2025, reaching USD 677.6 million compared to USD 428.7 million in October of the previous year. This was the most substantial trade surplus recorded since March 2023, driven by a 7.9% year-on-year increase in exports, totaling USD 1,522.4 million, coupled with a 14% decline in imports to USD 844.8 million. Nevertheless, when considering the period from January to October 2025, the trade surplus experienced a contraction, declining to USD 2,864.9 million from USD 3,603.5 million in the same timeframe the previous year. This reduction was mainly attributed to a 7.3% year-on-year decrease in exports, amounting to USD 12,230.6 million, largely due to a drop in shipments of textiles and textile articles by 21.4% and mineral products by 9.0%. China was Mongolia’s primary export destination, comprising 90.1% of total exports, followed by Switzerland at 6.5% and the United States at 0.9%. On the import side, there was a 2.4% decline to USD 9,365.7 million, influenced by reduced acquisitions of transport vehicles and their spare parts by 14.2% and mineral products by 3.7%. China also topped the list for imports, with a 41% share, followed by Russia at 23.9% and Japan at 10.4%.