Mongolia is the 104th largest export economy in the world and the 119th most complex economy according to the Economic Complexity Index (ECI). In 2014, Mongolia exported $6.14B and imported $5.14B, resulting in a positive trade balance of $1B. In 2014 the GDP of Mongolia was $12B and its GDP per capita was $11.9k.
The top exports of Mongolia are Copper Ore ($2.59B), Coal Briquettes ($839M), Gold ($821M), Crude Petroleum ($650M) and Iron Ore ($455M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.09B), Cars ($286M), Stone Processing Machines ($118M), Delivery Trucks ($115M) and Iron Structures ($83.1M).
The top export destinations of Mongolia are China ($4.93B), Switzerland ($446M), the United Kingdom ($410M), Italy ($57.5M) and Russia ($55.5M). The top import origins are China ($1.65B), Russia ($1.46B), Japan ($372M), South Korea ($351M) and the United States ($219M).