Exports Increase by 62.3% Compared to First Quarter of Last Year
Economy
Ulaanbaatar, April 13, 2026 /MONTSAME/. In the first quarter of this year, Mongolia traded with 143 countries, reaching a total foreign trade turnover of USD 7.4 billion.
Of
this, exports amounted to USD 4.9 billion, while imports stood at USD 2.5
billion, resulting in a trade surplus of USD 2.4 billion, according to the
National Statistics Office.
Compared to the same period last year, total
trade turnover increased by 32.5% (USD 1.8 billion,) exports rose by 62.3% (USD
1.9 billion), and the trade surplus increased by 5.2 times (USD 1.9 billion).
Meanwhile, imports decreased by 2.7% (USD 68.3 million).
The USD 1.8 billion increase in exports during
the first quarter was mainly driven by higher shipments of copper ore and
concentrates (up USD 1.3 billion), coal (up USD 453.7 million), unrefined and semi-processed
gold (up USD 148.8 million), and lead ore and concentrates (up USD 21.5 million).
On the other hand, exports of crude oil fell
by USD 16.0 million, fluorspar ore and concentrates by USD 9.4 million, refined
copper and alloys by USD 10.4 million, and horse meat by USD 4.6 million.
