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: 3.348 million (2021)
GDP: 15.29 billion USD (2021)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 10% - 20%
Major Exports: Footwear Parts ($272M), Leather Footwear ($254M), Electricity ($204M), Crude Petroleum ($204M), and Ferroalloys ($157M), exporting mostly to Italy ($1.42B), Greece ($441M), Spain ($211M), Germany ($174M), and China ($149M).
Major Imports: Refined Petroleum ($602M), Cars ($227M), Packaged Medicaments ($214M), Electricity ($203M), and Raw Iron Bars ($166M), importing mostly from Italy ($1.91B), Greece ($1.62B), Turkey ($790M), China ($586M), and Germany ($359M).
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/
