Mongolia Trade Summary
U.S. goods and services trade with Mongolia totaled an estimated $743.2 million in 2024, up 68.5 percent ($302.2 million) from 2023.
U.S. total goods trade (exports plus imports) with Mongolia was an estimated $423.2 million in 2024. U.S. goods exports to Mongolia in 2024 were $395.9 million, up 135.4 percent ($227.7 million) from 2023. U.S. goods imports from Mongolia in 2024 totaled $27.3 million, down 11.2 percent ($3.5 million) from 2023. The U.S. goods trade surplus with Mongolia was $368.6 million in 2024, a 168.2 percent increase ($231.1 million) over 2023.
U.S. total services trade (exports plus imports) with Mongolia totaled an estimated $320 million in 2024. U.S. services exports to Mongolia in 2024 were $272 million, up 30.1 percent ($63 million) from 2023. U.S. services imports from Mongolia in 2024 were $48 million, up 45.5 percent ($15 million) from 2023. The U.S. services trade surplus with Mongolia $224 million in 2024, a 26.6 percent increase ($47 million) over 2023.
