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Mongolia

Mongolia ranked No. 120 in total trade value through February with a total of $73.52 million. Exports totaled $71.6 million and Imports totaled $1.92 million, a surplus of $69.68 million.

U.S. trade with Mongolia rose to $73.52 million through February

Mongolia’s trade with the United States rose to $73.52 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 434.87 percent above its total trade during the same time period last year. Mongolia’s exports increased 487.28 percent while imports rose 23.49 percent. The U.S. surplus with Mongolia was $69.68 million.

Through February, 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 Chicago O’Hare International Airport; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Port of Savannah, Ga. No. 3 Port of Charleston No. 4 Port of Los Angeles and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 88.59 percent of Mongolia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Seattle-Tacoma International Airport rose 15081 percent to $55.89 million.
    Exports rose 15081 percent to $55.89 million. There were no imports.
  • Trade with No. 2 Port of Long Beach fell 20.56 percent to $3.86 million.
    Exports fell 21.78 percent to $3.8 million. Imports totaled $59,444.
  • Trade with No. 3 Port of Los Angeles rose 181.4 percent to $2.53 million.
    Exports rose 184.24 percent to $2.44 million. Imports rose 120.34 percent to $87,915.
  • Trade with No. 4 Chicago O’Hare International Airport rose 138 percent to $1.76 million.
    Exports rose 127.22 percent to $1.66 million. Imports rose 954.34 percent to $101,628.
  • Trade with No. 5 Los Angeles International Airport rose 82.1 percent to $1.1 million.
    Exports rose 73.15 percent to $963,069. Imports rose 191.29 percent to $132,886.

Mongolia ranked No. 120 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 173.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Mongolia by value through February were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Parts for heavy machinery; Prepared foods, beverages; and Pumps for dispensing liquids, respectively. They accounted for 87.72 percent of total exports to Mongolia.

The value of the top five categories of U.S. imports from Mongolia –– Tungsten ores, concentrates; Sweaters, pullovers, vests, knit or crocheted; Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529; T-shirts, tank tops, knit or crocheted; and Value added to a returned import –– accounted for 71.94 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 9756.16 percent compared to last year to $56.46 million.
  • Motor vehicles for transporting people rose 47.86 percent compared to last year to $3.08 million.
  • Parts for heavy machinery rose 79.17 percent compared to last year to $1.34 million.
  • Prepared foods, beverages rose 176.29 percent compared to last year to $1.09 million.
  • Pumps for dispensing liquids rose 79.39 percent compared to last year to $837,334.

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

  • Tungsten ores, concentrates fell 21.98 percent compared to last year to $512,979.
  • Sweaters, pullovers, vests, knit or crocheted rose 108.66 percent compared to last year to $415,720.
  • Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529 rose 347.1 percent compared to last year to $194,220.
  • T-shirts, tank tops, knit or crocheted totaled $133,067. The previous year, there were no imports in this category.
  • Value added to a returned import fell 56.82 percent compared to last year to $123,866.

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.