Overview In 2020 Mongolia was the number 130 economy in the world in terms of GDP (current US$), the number 92 in total exports, the number 130 in total imports,
the number 120 economy in terms of GDP per capita (current US$) and the number 113 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Mongolia are Gold ($2.69B), Coal Briquettes ($2.12B), Copper Ore ($1.78B), Iron Ore ($635M), and Animal Hair ($234M), exporting mostly to China ($5.4B), Switzerland ($2.58B), Singapore ($152M), United Kingdom ($85.2M), and Russia ($58.7M).
In 2020, Mongolia was the world's biggest exporter of Animal Hair ($234M)
Imports The top imports of Mongolia are Refined Petroleum ($780M), Cars ($297M), Delivery Trucks ($221M), Electricity ($142M), and Iron Railway Products ($98.2M), importing mostly from China ($1.89B), Russia ($1.39B), Japan ($358M), South Korea ($268M), and United States ($226M).
Location Mongolia borders China and Russia by land.