• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 0.06mn
FDI inflow from April 2000 to March 2021

US$ 19.4mn

bilateral trade value for 2020-2021

155
Indians living in Mongolia

Resources

Mongolia is extremely rich in natural resources such as gold, copper, iron ore, coal, crude petroleum, uranium, aluminium

Meat

Strong demand for premium, organic meat from Mongolia

Luxury Retail

Good market for luxury fashion brands in Ulaanbaatar

Agriculture

Mongolian soil is rich in nutrients and offers a fertile ground for investment in agriculture

Energy

Significant potential for investment in the renewable energy sector

Policy

Promoting investment into sustainable development projects and innovative technologies

Tourism

Adventure Tourism is a big draw for the sector in Mongolia

Infrastructure

Focus on Railway and Highway infrastructure development projects

India's Exports and Imports to Mongolia

Value in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 7.92 8.44 9.78 20.49 22.81
2 %Growth 6.56 15.86 109.58 11.32
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0 0 0 0.01 0.01
6 IMPORT 4.30 4.14 1.99 1.72 1.01
7 %Growth -3.73 -51.87 -13.62 -41.32
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0 0 0 0 0
11 TOTAL TRADE 12.22 12.57 11.77 22.21 23.82
12 %Growth 2.94 -6.42 88.73 7.25
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0 0 0 0 0
16 TRADE BALANCE 3.62 4.30 7.78 18.77 21.80
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

Invest in Mongolia

(+976) 51 263333

Visit Website

Government Building 2, United Nations Street 5/1, Ulaanbaatar 15160

Embassy of India, Mongolia

(+976) 11 329522, 329524, 329528

Visit Website

Zaluuchuudyn Urgun Chuluu 10
C.P.O. Box. No. 691
Ulaanbaatar 14190

Commercial Representative

(+976) 11 329522

Visit Website

First Secretary, HOC

Opportunities

Agricultural exports

Minerals

    Production: 50.83 million tons (2019)
    Export: 35.5 million tons (2019)
    Export: US$ 3,074.4 million

    ikon.mn

    Copper concentrate:
    Production: 1.26 million tons (2019)
    Export: 1,403.6 thousand tons (2019)
    Export: US$ 1,795.9 Million

    Ikon.mn

    Production: 16.25 tons
    Export: 9,069.5 kgs
    Export value : US$ 418.4 million

    ikon.mn

    Production: 8.57 million tons
    Export: 8,448.8 thousand tons / US$ 576.6 million

    ikon.mn

    Production: 5.30 thousand tons (2019)
    Export: 5,689.5 tons / US$ 49.0 million

    ikon.mn

    Zinc Ore:
    Production: 83.09 thousand tons (2019)
    Export: 134.8 thousand tons (2019) / US$ 189 million

    iKon.mn

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Mongolia
  • Raw cashmere
  • Bitumen
  • Asphalt
  • Feldspar
  • Leucite
  • Mechanical appliances
India's top export to Mongolia
  • Medicines
  • Mining machinery
  • Auto parts
  • Beauty care products
  • Polarimeters, Refractometers, Spectrometers
  • Mechanical equipment

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