Mongolia’s export revenue reached $16.6 billion in the first nine months of 2026, up 54% from the same period a year earlier. First Deputy Prime Minister and Minister of Economy and Development J. Enkhbayar announced the figures on October 7.
Coal and copper concentrate exports were the main drivers of the increase. Revenue from mining exports rose 57% year on year to $15.8 billion. Coal exports brought in $6.1 billion, up 50%, while copper concentrate exports reached $7.1 billion, up 79%.
Non-mining exports rose 9% to $776 million. The government said the export value target set in the 2026 budget had been fully met in the first nine months.
Mongolia’s international foreign currency reserves reached a record $8.9 billion at the end of September 2026, alongside the rise in export revenue. The exchange rate remains stable.
To support exports, a 250-kilometre heavy-vehicle road on the Tavantolgoi–Gashuunsukhait route was put into operation. Coal traded on the mining exchange was also given priority passage across the border.
Smart gates and testing laboratories began operating at the Gashuunsukhait, Shiveekhuren and Zamyn-Uud border crossings. Operations at Gashuunsukhait were fully digitised, with paper documents phased out.
The government plans to address congestion at six road intersections near Gashuunsukhait, speed up work on the Shiveekhuren–Sekhe cross-border railway, and install smart gates and laboratories at the Bichigt and Bulgan crossings. It also plans to fully implement a digital single-window system for foreign trade.
