Mongolia

Mongolia: Trade and Investment Profile


The Mongolian economy has experienced rapid growth thanks to its extensive mineral deposits and growth in mining-related activities which transformed the economy, which traditionally has been dependent on herding and agriculture.

The economy has grown more than 10% per year since 2010, largely on the strength of commodity exports to nearby countries and high government spending domestically. Mongolia’s economy, however, faces near-term economic risks from the government’s loose fiscal and monetary policies, which are contributing to high inflation, and from uncertainties in foreign demand for Mongolian exports.

Trade with China represents more than half of Mongolia’s total external trade – China receives more than 90% of Mongolia’s exports and is Mongolia’s largest supplier. Mongolia has traditionally relied on Russia for energy supplies, leaving it vulnerable to price increases and geopolitical influence.

Despite this there are many example of successful trade and investment opportunities in this emerging economy.

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Disclaimer: The information and materials contained in this document have been prepared for information purposes only and are general in nature. The information contained in this document is based on material compiled from data considered to be reliable at the time of publication. However information and opinions expressed in this document should not be construed as final consideration for any business and investment decision making. Sarmat Research Partners Pty Ltd cannot be held responsible for any losses whether direct or indirect as a result of using this information.


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