Mongolia is the 100th largest export economy in the world and the 103rd most complex economy according to the Economic Complexity Index (ECI). In 2016, Mongolia exported $5.69B and imported $3.54B, resulting in a positive trade balance of $2.15B. In 2016 the GDP of Mongolia was $11.2B and its GDP per capita was $12.3k.
The top exports of Mongolia are Copper Ore ($1.61B), Gold ($1.53B), Coal Briquettes ($987M), Crude Petroleum ($314M) and Iron Ore ($235M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($516M), Cars ($248M), Electricity ($125M), Packaged Medicaments ($79M) and Telephones ($74.1M).
The top export destinations of Mongolia are China ($3.81B), the United Kingdom ($786M), Switzerland ($777M), Germany ($51.6M) and Russia ($47.9M). The top import origins are China ($1.06B), Russia ($865M), Japan ($400M), South Korea ($205M) and the United States ($134M).