Mongolia is the 104th largest export economy in the world. In 2016, Mongolia exported $11.8B and imported $8.38B, resulting in a positive trade balance of $3.39B. In 2016 the GDP of Mongolia was $11.2B and its GDP per capita was $12.2k.
The top exports of Mongolia are Copper Ore ($1.61B), Gold ($1.48B), Coal Briquettes ($996M), Crude Petroleum ($337M) and Iron Ore ($249M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($532M), Cars ($313M), Electricity ($125M), Packaged Medicaments ($97.9M) and Telephones ($81.1M).
The top export destinations of Mongolia are China ($3.88B), the United Kingdom ($786M), Russia ($55.8M), Germany ($43.4M) and Italy ($33.6M). The top import origins are China ($988M), Russia ($895M), Japan ($277M), South Korea ($208M) and Germany ($114M).