Mongolia traded with over 150 countries in 2019. The volume of trade between China and Mongolia has went up to USD 8.9 billion in 2019, accounting for 64.4 percent of the latter’s total foreign trade.  This information was published on the site of the National Statistics Office of Mongolia on Sunday 26 January 2020.

Mongolia exported mostly mining goods to China such as coal, copper and molybdenum concentrates. The statistics noted that the trade volume between Mongolia and China represents 89.1 percent of the total exports of Mongolia in 2019.

The trade volume between the two counties stood at a value of USD 8.4 billion in 2018.

Positive as these figures may be, they underline Mongolia’s increasing dependence on China’s price fluctuations and economic policy. In addition, as China comes under increasing pressure as the world’s number one producer of greenhouse gases – accounting for over a quarter of the global total – Mongolia, will have to rethink its carbon unfriendly coal exports to its southern neighbour!