Mongolia typical architecture

Mongolia Merchandise Exports (ann. var. %)

Merchandise Exports in Mongolia

Economic growth accelerated to 7.8% year on year in Q1 from 7.3% in Q4. The reading was driven by a more than doubling of exports, amid recovering tourism and stronger commodities trade with neighbor China—the latter tied to the reopening of China’s economy and new railway lines linking Mongolia to the Asian powerhouse. In addition, government consumption growth picked up steam. In contrast, fixed investment and private consumption contracted. Turning to Q2, available signs are fairly positive, with the industrial sector continuing to benefit from improved access to China: Production of coal, oil, copper and silver rose sharply in annual terms in April. The start of underground production at the Oyu Tolgoi copper mine in mid-March will provide a further boost to industry and exports ahead.

Mongolia Merchandise Exports Chart

This chart displays Merchandise Exports (ann. var. %) for Mongolia from 2013 to 2022.

Mongolia Merchandise Exports Data

2017 2018 2019 2020 2021
Merchandise Exports (ann. var. %) 21.4 12.4 9.6 -2.7 16.4

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest