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Mongolia

Mongolia ranked No. 129 in total trade value through March with a total of $85.98 million. Exports totaled $83.17 million and Imports totaled $2.81 million, a surplus of $80.36 million.

U.S. trade with Mongolia rose to $85.98 million through March

Mongolia’s trade with the United States rose to $85.98 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 271.23 percent above its total trade during the same time period last year. Mongolia’s exports increased 298.57 percent while imports rose 22.4 percent. The U.S. surplus with Mongolia was $80.36 million.

Through March, 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 Los Angeles No. 3 Port of Charleston No. 4 Chicago O’Hare International Airport and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 84.56 percent of Mongolia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Seattle-Tacoma International Airport rose 9467.97 percent to $55.98 million.
    Exports rose 9467.97 percent to $55.98 million. There were no imports.
  • Trade with No. 2 Port of Long Beach rose 6.71 percent to $7.86 million.
    Exports rose 5.9 percent to $7.8 million. Imports totaled $59,444.
  • Trade with No. 3 Port of Los Angeles rose 187.32 percent to $5.06 million.
    Exports rose 188.28 percent to $4.82 million. Imports rose 169.69 percent to $244,610.
  • Trade with No. 4 Chicago O’Hare International Airport rose 48.28 percent to $2.2 million.
    Exports rose 42.69 percent to $2.1 million. Imports rose 649.27 percent to $102,358.
  • Trade with No. 5 Los Angeles International Airport rose 57.1 percent to $1.6 million.
    Exports rose 51.16 percent to $1.47 million. Imports rose 177.31 percent to $133,276.

Mongolia ranked No. 129 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Mongolia by value through March 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 83.53 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 71.9 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 3986.47 percent compared to last year to $56.79 million.
  • Motor vehicles for transporting people rose 125.41 percent compared to last year to $7.67 million.
  • Parts for heavy machinery rose 72.4 percent compared to last year to $2.6 million.
  • Prepared foods, beverages rose 34.67 percent compared to last year to $1.32 million.
  • Pumps for dispensing liquids rose 44.56 percent compared to last year to $1.09 million.

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

  • Tungsten ores, concentrates rose 6.62 percent compared to last year to $1.12 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 97.55 percent compared to last year to $418,246.
  • Feldspar; Leucite; Nepheline, N Syenite; Fluo 2529 rose 46.94 percent compared to last year to $223,404.
  • T-shirts, tank tops, knit or crocheted rose 3244.04 percent compared to last year to $133,427.
  • 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.