Mongolia’s total imports and exports expanded 50.4 percent year on year to USD 7.7 billion in the first four months of 2023.

Mongolia registered a surplus in foreign trade balance as exports exceeded imports by around USD 2.4 billion, mainly due to a significant increase in the exports of mining products.

Mining products accounted for 88.7 percent of the mineral-rich country’s total exports in the four-month period.

During the same period, the landlocked country traded with 125 economies.