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Economy

Mongolia’s exports rise 51% in nine months to $16.2 billion on copper and coal

Mongolia sold $16.2 billion of goods abroad in January to September, 51.2% or $5.5 billion more than a year earlier, the National Statistics Committee reported through Montsame on Monday. Imports rose 13.8% to $9.7 billion and the trade surplus tripled to $6.5 billion. Copper ore and concentrate supplied $3.1 billion of the increase and coal $2 billion.

By CAW Staff12 October 2026
Grouped bar chart of Mongolia exports, imports and trade surplus for nine months of 2025 and 2026, the 2026 surplus outlined in amber.

Mongolia traded with 161 countries in the nine months, for a total turnover of $25.9 billion, up 34.6% or $6.7 billion, the committee’s figures show. Unwrought and semi-processed gold added $104.2 million to exports.

The surplus of $6.5 billion is $4.3 billion larger than a year earlier, the release says. By CAW’s arithmetic the same nine months of 2025 brought $10.7 billion of exports and $8.5 billion of imports.

Unwrought and semi-processed gold added $104.2 million to exports.

S&P affirmed Mongolia at BB- with a stable outlook on 8 October, in the week the central bank told MPs inflation had hit 13% in July and 12.9% in September. The 2027 draft budget before the Khural books 3 trillion tugrik of Oyu Tolgoi dividend as revenue.

The release gives the increases by commodity and prints no volumes.

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