2025.09.1010:09:40UTC+00Mongolia Trade Surplus Largest In 10 Months

In August 2025, Mongolia experienced a notable increase in its trade surplus, reaching USD 410.7 million, up from USD 267.4 million in August of the previous year. This marks the highest trade surplus the country has seen since October 2024. The boost was driven by a 3.8% increase in exports alongside an 8.2% decline in imports. However, when examining the period from January to August, the trade surplus contracted to USD 1,681.5 million, a significant drop from USD 3,124.1 million during the same timeframe the previous year. Exports fell by 13.8% year-on-year, totaling USD 9,158.1 million, primarily due to a sharp decrease in the sales of textiles and textile articles (-49.9%) and mineral products (-13.6%). Notably, China was the destination for 91.9% of these exports, with Switzerland and the US following at 5.1% and 1%, respectively. On the import side, there was a slight reduction of 0.3%, amounting to USD 7,476.7 million. This was mainly due to a downturn in the acquisition of mineral products (-4.3%) and transport vehicles and their spare parts (-5.1%). China remained the primary source of imports, accounting for 39.5% of the total, followed by Russia at 24% and Japan at 11.4%.