Mongolia is the 75th largest export economy in the world and the 85th most complex economy according to the Economic Complexity Index (ECI). In 2016, Mongolia exported $4.91B and imported $3.33B, resulting in a positive trade balance of $1.58B. 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), Coal Briquettes ($971M), Gold ($758M), Crude Petroleum ($337M) and Iron Ore ($249M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($512M), Cars ($219M), Electricity ($125M), Packaged Medicaments ($72.2M) and Telephones ($70.8M).
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).