Exports & Imports

Mongolia did benefit from favorable top commodity prices in 2011 virtually for all its export commodities such as coal, copper, iron ore, crude, greasy cashmere, zinc, gold.

Coal exports this year have hit 21 million tons worth USD 2.25 billion.

Copper exports value up 25% while volume is virtually the same.

At the same time imports are shooting up due to mining, infrastructure, construction, etc ramp-up and imports are getting more expensive at that Mongolia forked out USD 706 million on diesel, value went up 75% while volume went up only 27%.

Doubling truck imports possibly reflecting booming coal transportation by trucks.

Doubling in volume yet more than doubling in value shows that Mongolians are importing more expensive passenger cars reflecting very strong consumer spending and sentiment (amount of passenger cars imports value is more than amount of value of gasoline imports for the cars)

According to National Statistics Office of Mongolia, as of the preliminary result of 2011, Mongolia traded with 127 countries from all over the world and total external trade turnover reached USD 11.3 billion, of which exports made up USD 4.78 billion and imports made up USD 6.52 billion.

Total external trade turnover increased by USD 5.19 billion or by 85% compared to 2010, of which imports up by USD 3.32 billion or by 104%, and exports up by USD 1.87 billion or 64%.

Exports consisted from, among others,

Tier 1 commodities

Coal(MMC(975),MAK(private),TTL(MSE),SGQ(1878),ETT(state-owned) 21 105 600 tons of coal with customs price declaration of USD 2,250,046,400 volume up 26.2 %, value up 155.1%. This is in line with Mongolia Asset Management forecast of 20 million tons and range of USD 2 billion made in June 2010.

Copper concentrate (EMC, state-owned) 573K tons - USD 963 million, volume up 0.7%, value up 25%.

Tier 2 commodities

Iron ore, concentrate (Iron Mining JV, AltaiKhuder, Monzol (all private) etc) 5.75M tns-437M USD, volume up 61%, value up 72%.

Crude (Donsheng, etc) 2.54M barrels worth USD 252 million, volume up 22%,value 63%.

Zinc ore/concentrate (NFC JV) 120K tons worth 143M USD, volume up 0.8%, value up 6.4%.

Greasy cashmere, 2831 tons worth 132M USD, volume down 9%, value up 26%.

Gold 2.7 tons worth 113M USD, volume down 47%, value down 37%.

Tier 3 commodities

Fluorspar ore, concentrate (Monros, etc) 404K tons worth USD 95 million

Combed goat down, 538K tons worth USD 58 million

Moly ore and concentrate (EMC, state-owned) 4.2K tons worth USD 46 million


Tier 1 products

Diesel Fuel (NIK/Petrovis, Just, Magnai, Sodmongol, etc) 635K tons – USD 706 million, volume up 27%,value up 75%

Trucks, 24 435 pieces – USD 577 million, volume up 100%, value up 177%

Passenger cars 56,120 pieces- USD 438 million, volume up 113%,value up 166% also interestingly New tires 230,000 pieces— USD 90 million, volume up 20%, value up 137%

Gasoline (NIK/Petrovis, Just, Magnai, Sodmongol, etc) 322K tons – USD 346 million, volume up 13%, value up 51%

Bulldozers, excavators, graders, road levelers 1918 pieces- USD 273 million, volume up 140%, value up 268%

Earth, stone sorting mixing machinery 114K pieces – USD 148 million volume up 173%, value up 167%

Parts of loading, lifting and handling machinery 2,562,000 pieces—USD 102 million, volume 993%, value up 125%

Telecom appliances 402K pieces— USD 80 million, volume up 65%, value up 74%

TV and Video Monitors 232,295 pieces - USD 57 million, volume up 105%, value up 157%