Summary
- China → Mongolia
- $4.5billion
- Mongolia → China
- $13.6billion
- China’s balance
- -$9.1billion
Balance
China’s trade balance with Mongolia
Trade between China and Mongolia grew 112.3-fold since 1995
USD billions (current). China’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 4.5
- Imports 13.6
- Balance -9.1
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $63 million | $99 million | -$36 million |
| 1996 | $88 million | $165 million | -$77 million |
| 1997 | $77 million | $233 million | -$155 million |
| 1998 | $78 million | $201 million | -$123 million |
| 1999 | $94 million | $214 million | -$120 million |
| 2000 | $136 million | $277 million | -$141 million |
| 2001 | $151 million | $248 million | -$97 million |
| 2002 | $139 million | $225 million | -$86 million |
| 2003 | $210 million | $279 million | -$69 million |
| 2004 | $269 million | $439 million | -$170 million |
| 2005 | $331 million | $529 million | -$198 million |
| 2006 | $490 million | $1.1 billion | -$597 million |
| 2007 | $618 million | $1.5 billion | -$873 million |
| 2008 | $908 million | $1.5 billion | -$618 million |
| 2009 | $1.1 billion | $1.3 billion | -$281 million |
| 2010 | $1.4 billion | $2.5 billion | -$1.1 billion |
| 2011 | $2.7 billion | $3.7 billion | -$970 million |
| 2012 | $2.7 billion | $3.9 billion | -$1.3 billion |
| 2013 | $1.9 billion | $3.6 billion | -$1.8 billion |
| 2014 | $1.8 billion | $5 billion | -$3.2 billion |
| 2015 | $1.4 billion | $3.9 billion | -$2.5 billion |
| 2016 | $1.1 billion | $3.9 billion | -$2.8 billion |
| 2017 | $1.4 billion | $5.2 billion | -$3.8 billion |
| 2018 | $2 billion | $6.3 billion | -$4.3 billion |
| 2019 | $2.1 billion | $6.5 billion | -$4.4 billion |
| 2020 | $1.9 billion | $5.3 billion | -$3.4 billion |
| 2021 | $2.6 billion | $7.5 billion | -$4.9 billion |
| 2022 | $3.1 billion | $10.2 billion | -$7.1 billion |
| 2023 | $3.8 billion | $13.5 billion | -$9.7 billion |
| 2024 | $4.5 billion | $13.6 billion | -$9.1 billion |
What they sell each other
What China sells to Mongolia
The top 10 headings in 2024, with their share of the total.
What Mongolia sells to China
The top 10 headings in 2024, with their share of the total.
How it travels
China and Mongolia traded $18.2 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Mongolia was China’s 49th largest trading partner (0.3% of its trade), and China was Mongolia’s largest (78%).
- Mongolia in China’s trade
- 0.3%
- Mongolia’s rank among China’s partners
- 49th
- China in Mongolia’s trade
- 78.4%
- China’s rank among Mongolia’s partners
- 1st
Compare with
Other partners of China
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.