Mongolia B2B Marketplace

Mining (coal, copper, molybdenum, fluorspar, tin, tungsten, and gold): As of 2007, the Mongolian minerals sector contributed 20.3% to the country’s GDP, accounted for 65.4% of the country’s industrial output and 42.7% of its export revenues.

Historically, Mongolia has suffered from trade deficit; however, the trade gap has been very low. The recession of 2008 has marred the extent of exports and imports from Mongolia, with exports falling from $2.539 billion in 2008 to $1.902 billion in 2009.

Mongolia has some of Asia’s richest mineral deposits which, however, remain largely unexploited. Following are products that feature prominently in Mongolia exports:

• Copper
• Apparel
• Livestock
• Animal products
• Cashmere
• Wool
• Hides
• Fluorspar
• Coal
• Other nonferrous metals

The country’s major export partners as of 2008 are:

• China – 64.5%
• Canada – 6.9%
• UK – 6.5%
• Luxembourg – 6.4%,
• US – 4.5%

We need the cooperation of Mongolia to obtain representation.