Mongolia
On this page you will find beneficial information regarding foreign direct investment in / trading with Mongolia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Semi- Presidential Republic
Population: 3.399 million (2022)
GDP: 16.81 billion USD (2022)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 10% - 20%
Major Exports: Coal Briquettes ($6.48B), Copper Ore ($2.73B), Gold ($2.05B), Animal Hair ($430M), and Iron Ore ($389M), exporting mostly to China ($10.6B), Switzerland ($1.98B), Singapore ($346M), South Korea ($259M), and Russia ($112M).
Major Imports: Refined Petroleum ($1.55B), Cars ($524M), Delivery Trucks ($333M), Trailers and semi-trailers, not mechanically propelled vehicles ($229M), and Raw Iron Bars ($211M), importing mostly from China ($3.06B), Russia ($2.44B), Japan ($577M), South Korea ($437M), and United States ($241M).
Investment Agency: Invest in Mongolia
Website: https://investmongolia.gov.mn/
National Chamber of Commerce: Mongolian National Chamber of Commerce and Industry
Website: https://www.mongolchamber.mn/
Customs Agency: Mongolian Customs General Administration
Website: https://www.customs.gov.mn/en/
