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Who buys Mongolia’s copper ore? Export destinations 2024

In 2024, Mongolia exported $3.3 billion of copper ore (1.5 million tonnes), 3.2% of the world total. China bought 100% of the total, followed by South Korea (0%) and Germany (0%). Mongolia was the world’s 8th-largest exporter of copper ore.

Summary

Value
$3.3billion
Tonnes
1.5million tonnes
Share of world total
3.2%
World rank
8th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 6 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China3.3Tonnes: 1,548,820USD per tonne: $2,147100%Land
South Korea< 0.01Tonnes: 25USD per tonne: $5,8210%Sea
Germany< 0.01Tonnes: 1USD per tonne: $8,3950%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $122,0000%Air
Canada< 0.01Tonnes: 0USD per tonne: $4,6190%Sea
Hungary< 0.01Tonnes: 0USD per tonne: $7690%Sea

Trend

Who it sells to

China was its main destination throughout the period

Value in USD billions. The five largest destinations in 2024.

  • China 3.3
  • South Korea < 0.01
  • Germany < 0.01
  • Netherlands 0
  • Canada 0

Source: CEPII BACI

Show the numbers
Partner19952024
China0.043.3
South Korea0< 0.01
Germany0< 0.01
Netherlands00
Canada00

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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