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Export Market

Mongolia

ISO: MN / MNG

Country Profile

Capital Ulan Bator
Population 3.5M
GDP $23.8B (2024)
GDP per Capita $6,751
Income Level Upper-Middle Income
Currency Mongolian tögrög (MNT ₮)
Language Mongolian
Timezone UTC+07:00
Region Asia · Eastern Asia

Trade Partners

Mongolia Exports To

  • China 92.0%
  • Switzerland 6.0%
  • Italy 1.0%

Key exports: coal, copper ore, gold, iron ore, crude petroleum (2023)

Mongolia Imports From

  • China 57.0%
  • Japan 13.0%
  • Germany 3.0%
  • Singapore 3.0%
  • USA 3.0%

Key imports: cars, trucks, trailers, tractors, construction vehicles (2023)

Economic Overview

lower middle-income East Asian economy; large human capital improvements over last 3 decades; agricultural and natural resource rich; export and consumption-led growth; high inflation due to supply bottlenecks and increased food and energy prices; currency depreciation

Government: semi-presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Mongolia. Standard WTO terms apply.

Trade Barriers

4 active barriers affecting UK exporters

Expiry date requirements for food products exported to Mongolia

The requirement of expiry dates for food products seems to potentially hinder food exporters to Mongolia. According to the Mongolia's food law, products that are within the final third of the expiry date, are not allowed to enter Mongolia. However, …

Sectors: Food and drink

Reported: 20 Mar 2020

Effective enforcement of Intellectual Property needed for alcohol exports and other products like automotive engines to Mongolia

Goods exported to Mongolia, can be subject to many controls, such as a certificate of origin. Mongolia also allows for parallel importing, which makes the market difficult for exclusive distributors. A parallel import is a non-counterfeit product exported to another …

Sectors: Automotive, Food and drink

Reported: 19 Mar 2020

High investment level requirements affecting UK investors/exporters to Mongolia

For an overseas business to start business operations in Mongolia, it needs to be incorporated either as a business entity with foreign investment (BEFI) or as a representative office. A BEFI must have at least 25% foreign equity and a …

Sectors: Energy, Mining

Reported: 27 Nov 2019

Sampling and testing alcohol before and during exports in Mongolia

New alcohol brands need a permit to export to Mongolia. For a permit to be issued, a sample needs to be provided to the General Agency for Specialised Inspection, for sanitary and technical purposes. The alcohol import tariff - Harmonised …

Sectors: Consumer and retail

Reported: 15 Nov 2019

Geographic Region

Asia Pacific

Export Guidance

Relevant guidance for exporting to Mongolia.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇺 Australia FTA 🇧🇳 Brunei 🇰🇭 Cambodia 🇫🇯 Fiji FTA 🇮🇩 Indonesia 🇯🇵 Japan FTA 🇱🇦 Laos 🇲🇾 Malaysia

Official Resources

Government export support for Mongolia.

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