Mongolia Import Data
Mongolia, a landlocked nation in East Asia, continues to navigate its economic landscape by leveraging its strategic position between Russia and China. With its rich mineral resources and strategic location between China and Russia, Mongolia offers a wealth of opportunities for importers looking to tap into its market. The country is known for its significant deposits of coal, copper, gold, and other minerals, which are in high demand in markets around the world. As a result, Mongolia has become an attractive destination for foreign investors and importers looking to source these valuable commodities. Mongolia import data offers valuable insights into Mongolia's trade activities, trade relations, and consumer preferences.
According to Mongolia Import Data and Customs data on Mongolia imports, Mongolia imported goods worth $11.60 billion in 2024, a 25% increase from the previous year. As per Mongolia import statistics, Mongolia is ranked as the 109th biggest importer in the world. The total GDP of Mongolia is $20.33 billion, accounting for a GDP import share of 66.61%. Mongolia is a part of trading blocs such as the WTO and APTA. According to Mongolia Customs Data and data on Mongolia import products, mineral fuels and oils ($2.42 billion) are the biggest and main imports of Mongolia, while China ($4.64 billion) is the largest import partner of Mongolia, as per the data on Mongolia trade partners. Let us explore Mongolia import data for 2024-25, with a key focus on its top imports, key trade partners, and major import trends.