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How dependent is Mongolia on China?

In 2024, China sold $4.5 billion to Mongolia, 54% of its imports, ranking 1st among its suppliers. Its share was 32.7% in 2019 and 24.1% in 1995. In 245 products it sells more than 50% of what Mongolia buys of them (in 161, more than 75%); what Mongolia buys from China in those products (dominated value) adds up to $3.9 billion, 46.6% of its imports.

Summary

Share of its imports
54%
Value imported
$4.5billion
Rank among its suppliers
1st
Products where it sells over 50%
245
Products where it sells over 75%
161
Dominated value
$3.9billion
Share of total imports
46.6%

Trend

Trend in shares

China went from 24.1% to 54% of what Mongolia buys

Share (%)

  • China 54%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19956324.1%1
19968814%2
19977712.3%2
19987812.6%2
19999415.2%3
200013619%2
200115120.5%2
200213919.8%2
200321021.8%2
200426922.4%2
200533124.4%2
200649028.4%2
200761827.7%2
200890829.8%2
20091,05744.1%1
20101,45042.1%1
20112,73143.3%1
20122,65237.4%1
20131,87828.4%1
20141,76332.3%1
20151,41435.6%1
20161,07529.9%1
20171,44231.6%1
20181,97832.5%1
20192,07432.7%1
20201,92135.1%1
20212,56136.3%1
20223,10034.7%1
20233,78839.6%1
20244,52454%1

Products where China sells more than half

ProductSupplierShareSecondValue
TrucksChina61.7%United States · 22.7%$367 million
Bulldozers and excavatorsChina59.8%Japan · 16.2%$168 million
Airplanes and helicoptersChina83.1%over 75%Germany · 9.1%$165 million
Steel structuresChina94.3%over 75%South Korea · 3.6%$159 million
ElectricityChina100%over 75%—$132 million
Steel barsChina100%over 75%Netherlands · 0%$120 million
Sorting and crushing machinesChina75%United States · 11.6%$116 million
New tiresChina73.1%United States · 10.4%$106 million
TractorsChina89.5%over 75%United States · 4.7%$99 million
TrailersChina97.5%over 75%Netherlands · 0.66%$97 million
Welded steel pipesChina95.4%over 75%India · 3.4%$70 million
Cables and wireChina89.6%over 75%South Korea · 5.6%$68 million
BatteriesChina85.1%over 75%South Korea · 8.8%$67 million
Refined petroleumChina50.7%Singapore · 16.4%$64 million
Other iron or steel articlesChina89.5%over 75%South Korea · 1.9%$62 million
BusesChina78.6%over 75%South Korea · 10.7%$58 million
Control panelsChina79.9%over 75%Turkey · 7.7%$58 million
Centrifuges and filtersChina61.8%Singapore · 8.8%$53 million
Poultry meatChina99.5%over 75%United Kingdom · 0.35%$53 million
Transformers and power suppliesChina80.3%over 75%Austria · 4.4%$48 million
Elevators, escalators and conveyorsChina90.7%over 75%Turkey · 2.7%$43 million
Refrigerators, freezers and heat pumpsChina84.6%over 75%South Korea · 6.5%$41 million
Special-purpose vehiclesChina88.6%over 75%South Korea · 6.5%$38 million
Chassis with enginesChina100%over 75%Japan · 0.05%$37 million
FurnitureChina74.4%Italy · 8.4%$32 million
Liquid pumpsChina50.8%Singapore · 11.5%$31 million
Steam boilersChina99.6%over 75%South Korea · 0.38%$30 million
Industrial fatty acids and oilsChina74.6%United States · 14.6%$30 million
Toilet paper and tissuesChina69.9%South Korea · 18%$28 million
RiceChina88.5%over 75%South Korea · 8%$26 million

and 215 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from China

Mongolia is China’s 81st-largest customer, with 0.13% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.