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Mongolia

Mongolia ranked No. 140 in total trade value through June with a total of $137.28 million. Exports totaled $120.5 million and Imports totaled $16.78 million, a surplus of $103.72 million.

January – June 2019

Top Trading Ports

Total Trade: $137.28 million

RankPortTotal YTD
1Seattle-Tacoma International Airport $68,189,601
2Port of Long Beach $20,407,525
3Port of Los Angeles $8,991,572
4Los Angeles International Airport $4,548,528
5Port of Tacoma, Wash. $3,999,117
6Chicago O’Hare International Airport $3,821,811
7Port of Grays Harbor, Aberdeen, Wash. $3,471,544
8Port of Charleston $3,218,135
9Cleveland’s Hopkins International Airport, Ohio $2,724,652
10Port of Oakland, Calif. $1,841,470

U.S. trade with Mongolia rose to $137.28 million through June

Mongolia’s trade with the United States rose to $137.28 million through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 151.32 percent above its total trade during the same time period last year. Mongolia’s exports increased 139 percent while imports rose 299.06 percent. The U.S. surplus with Mongolia was $103.72 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Seattle-Tacoma International Airport; No. 2 Port of Long Beach; No. 3 Port of Los Angeles; No. 4 Los Angeles International Airport; and No. 5 Port of Tacoma, Wash.. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Anchorage International Airport, Alaska No. 3 Chicago O’Hare International Airport No. 4 Port of Los Angeles and No. 5 Dallas-Fort Worth International Airport, Texas. In the current time period, the top five accounted for 77.32 percent of Mongolia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Seattle-Tacoma International Airport rose 4168.91 percent to $68.19 million.
    Exports rose 3417.09 percent to $56.18 million. Imports totaled $12.01 million.
  • Trade with No. 2 Port of Long Beach rose 16.78 percent to $20.41 million.
    Exports rose 15.96 percent to $20.26 million. Imports totaled $143,831.
  • Trade with No. 3 Port of Los Angeles rose 227.56 percent to $8.99 million.
    Exports rose 242.01 percent to $8.62 million. Imports rose 66.14 percent to $374,688.
  • Trade with No. 4 Los Angeles International Airport rose 114.35 percent to $4.55 million.
    Exports rose 112.56 percent to $4.33 million. Imports rose 156.75 percent to $220,634.
  • Trade with No. 5 Port of Tacoma, Wash. rose 2910.88 percent to $4 million.
    Exports rose 3440.39 percent to $4 million. There were no imports.

Mongolia ranked No. 140 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 171.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Mongolia by value through June were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Parts for heavy machinery; Taps, cocks and valves for pipes, tanks; and Prepared foods, beverages, respectively. They accounted for 72.53 percent of total exports to Mongolia.

The value of the top five categories of U.S. imports from Mongolia –– Value added to a returned import; Tungsten ores, concentrates; Sweaters, pullovers, vests, knit or crocheted; Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529; and Salvage –– accounted for 90.98 percent of all inbound shipments.

Looking more closely at U.S. exports to Mongolia:

  • Civilian aircraft, parts rose 783.99 percent compared to last year to $58.84 million.
  • Motor vehicles for transporting people rose 57.21 percent compared to last year to $19.66 million.
  • Parts for heavy machinery rose 62.15 percent compared to last year to $3.91 million.
  • Taps, cocks and valves for pipes, tanks rose 675.23 percent compared to last year to $2.66 million.
  • Prepared foods, beverages rose 20.26 percent compared to last year to $2.32 million.

Looking more closely at U.S. imports from Mongolia:

  • Value added to a returned import rose 3120.38 percent compared to last year to $12.27 million.
  • Tungsten ores, concentrates fell 5.69 percent compared to last year to $1.85 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 71.21 percent compared to last year to $657,537.
  • Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529 fell 7.14 percent compared to last year to $309,420.
  • Salvage rose 97.93 percent compared to last year to $175,239.

In the latest annual figures available, Mongolia recorded $90.43 million in trade with the United States. At year’s end, its were Los Angeles; New York City; Seattle; Chicago; and Dallas. Total U.S. exports to Mongolia were $ 81.43 million and imports from Mongolia were $9 million. The U.S. surplus with Mongolia was $72.43 million.