Main EU imports from Mongolia

According to Eurostat/Comext data, in 2023 Mongolia was the EU’s 117th largest trading partner, accounting for less than 1 % of total trade and thus statistically registered as 0 %. Since 2017, EU exports to Mongolia have steadily increased, except for 2020, while Mongolia’s exports to the EU have remained stagnant and only in 2022 took a leap upwards, reflecting a doubling of the value of textile exports and a new export item (vegetable products). However, in 2023 Mongolia’s exports to the EU-27 decreased again, mainly owing to a decline in the value of exports of mineral products
(-88.4%), which, after a strong increase in 2021, returned to the value reached in 2020. Mongolia’s exports to the EU are focused on unprocessed products and are much less diversified than EU exports to Mongolia, which consist of a range of manufactured goods (Figures 2 and 3).