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Mongolia

Mongolia ranked No. 164 in total trade value through October with a total of $105.94 million. Exports totaled $97.57 million and Imports totaled $8.37 million, a surplus of $89.2 million.

January – October 2018

Top Trading Ports

Total Trade: $105.94 million

RankPortTotal YTD
1Port of Long Beach $31,004,631
2Port of Tacoma, Wash. $7,112,596
3Anchorage International Airport, Alaska $6,639,841
4Port of Los Angeles $5,990,046
5Chicago O’Hare International Airport $5,774,271
6Port of Oakland, Calif. $4,568,811
7Port of Charleston $4,478,848
8Cleveland’s Hopkins International Airport, Ohio $4,300,375
9Los Angeles International Airport $3,937,876
10Dallas-Fort Worth International Airport, Texas $3,558,720

U.S. trade with Mongolia rose to $105.94 million through October

Mongolia’s trade with the United States rose to $105.94 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 41.14 percent above its total trade during the same time period last year. Mongolia’s exports increased 44.67 percent while imports rose 9.9 percent. The U.S. surplus with Mongolia was $89.2 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Long Beach; No. 2 Port of Tacoma, Wash.; No. 3 Anchorage International Airport, Alaska; No. 4 Port of Los Angeles; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Los Angeles International Airport No. 3 Chicago O’Hare International Airport No. 4 John F. Kennedy International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 53.35 percent of Mongolia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Long Beach rose 46.67 percent to $31 million.
    Exports rose 47.02 percent to $31 million. There were no imports.
  • Trade with No. 2 Port of Tacoma, Wash. rose 520.23 percent to $7.11 million.
    Exports rose 542.74 percent to $7.09 million. Imports fell 54.08 percent to $19,865.
  • Trade with No. 3 Anchorage International Airport, Alaska rose 667.38 percent to $6.64 million.
    Exports rose 686.13 percent to $6.38 million. Imports rose 386.73 percent to $263,708.
  • Trade with No. 4 Port of Los Angeles rose 257.53 percent to $5.99 million.
    Exports rose 278.78 percent to $5.64 million. Imports rose 89.01 percent to $354,484.
  • Trade with No. 5 Chicago O’Hare International Airport rose 20.07 percent to $5.77 million.
    Exports rose 24.92 percent to $5.66 million. Imports fell 59.72 percent to $111,075.

Mongolia ranked No. 164 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 172.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Mongolia by value through October were the categories of Motor vehicles for transporting people; Commercial vehicles; Civilian aircraft, parts; Prepared foods, beverages; and Rubber tires, respectively. They accounted for 51.51 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; Value added to a returned import; and Salvage –– accounted for 77.79 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 135.83 percent compared to last year to $24.08 million.
  • Commercial vehicles rose 172.71 percent compared to last year to $9.01 million.
  • Civilian aircraft, parts rose 71.39 percent compared to last year to $7.45 million.
  • Prepared foods, beverages rose 87.69 percent compared to last year to $4.95 million.
  • Rubber tires rose 83.83 percent compared to last year to $4.76 million.

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

  • Tungsten ores, concentrates rose 68.48 percent compared to last year to $3.51 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 108 percent compared to last year to $1.4 million.
  • Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529 rose 1161.87 percent compared to last year to $884,220.
  • Value added to a returned import rose 84.92 percent compared to last year to $550,221.
  • Salvage fell 3.65 percent compared to last year to $167,176.

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.