Date,
Time MSK

13.07.2016



Mongolian-Russian Bilateral Trade in 2015


In 2015 Mongolian-Russian bilateral trade volume decreased by 23% and reached 1.16 billion USD compared to 1.5 billion USD in 2014.


Mongolian exports to Russia rose to 0.04 billion USD (by 8%) while imports fell to 1.12 billion USD (by 24%) (see Figure 1).



Figure 1. 2007-2015 Mongolian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Mongolian-Russian bilateral trade turnover, billion USD.png



Mongolian exports to Russia


Mongolia primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Salt, sulphur, earth, stone, plaster, lime and cement (62%)

▪ Mineral fuels, oils, distillation products, etc (18%)

▪ Meat and edible meat offal (13%)

▪ Ores, slag and ash (3%)

▪ Articles of apparel, accessories, knit or crochet (1%)

▪ Meat, fish and seafood food preparations nes (1%)

▪ Edible vegetables and certain roots and tubers (1%)

▪ Wool, animal hair, horsehair yarn and fabric thereof (1%)


In 2015 the imports of Mongolian made products in Russia experienced a significant rise. The imports of mineral fuels, oils, distillation products rise by 305%; the imports of meat, fish and seafood food preparations nes- by 189%.



Figure 2. Structure of Mongolia Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Mongolia Exports to Russia in 2015.png



Table 1. Key products exported from Mongolia to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Mongolian products

25

Salt, sulphur, earth, stone, plaster, lime and cement

$26,821

$26,984

1%

3.10

3.5

27

Mineral fuels, oils, distillation products, etc

$1,914

$7,754

305%

0.30

2.8

2

Meat and edible meat offal

$5,824

$5,513

-5%

0.20

35.5

26

Ores, slag and ash

$2,233

$1,135

-49%

0.10

1.1

61

Articles of apparel, accessories, knit or crochet

$639

$635

-1%

0.00

6.3

16

Meat, fish and seafood food preparations nes

$159

$459

189%

0.10

12.1

7

Edible vegetables and certain roots and tubers

$786

$318

-60%

0.00

8.6

51

Wool, animal hair, horsehair yarn and fabric thereof

$425

$267

-37%

1.30

6.7

22

Beverages, spirits and vinegar

$121

$92

-24%

0.00

28.4

49

Printed books, newspapers, pictures etc

$83

$62

-25%

0.00

2

21

Miscellaneous edible preparations

$32

$54

69%

0.00

10.9

94

Furniture, lighting, signs, prefabricated buildings

$42

$50

19%

0.00

13.3

65

Headgear and parts thereof

$50

$38

-24%

0.00

10.2

57

Carpets and other textile floor coverings

$140

$36

-74%

0.00

5.1



Russian exports to Mongolia


In 2015 Russia has exported to Mongolia the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (74%)

▪ Machinery, nuclear reactors, boilers, etc (2%)

▪ Animal, vegetable fats and oils, cleavage products, etc (2%)

▪ Cereal, flour, starch, milk preparations and products (2%)

▪ Electrical, electronic equipment (2%)

▪ Cocoa and cocoa preparations (1%)

▪ Miscellaneous edible preparations (1%)

▪ Iron and steel (1%)

▪ Fertilizers (1%)

▪ Articles of iron or steel (1%)

▪ Cereals (1%)

▪ Pharmaceutical products (1%)

▪ Beverages, spirits and vinegar (1%)

▪ Miscellaneous chemical products (1%)


2015 showed a significant rise in Russian exports to Mongolia of fertilizers (+26%). At the same time the exports of articles of iron or steel (-59%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Mongolia in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Mongolia in 2015.png



Table 2. Key products exported from Russia to Mongolia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$1,023,071

$826,315

-19%

2.2

84

Machinery, nuclear reactors, boilers, etc

$44,428

$25,967

-42%

4.1

15

Animal,vegetable fats and oils, cleavage products, etc

$17,393

$17,784

2%

5

19

Cereal, flour, starch, milk preparations and products

$17,050

$17,738

4%

5

85

Electrical, electronic equipment

$36,031

$16,968

-53%

3.3

18

Cocoa and cocoa preparations

$22,158

$15,385

-31%

5

21

Miscellaneous edible preparations

$18,146

$13,690

-25%

5

72

Iron and steel

$27,794

$13,532

-51%

5

31

Fertilizers

$9,190

$11,556

26%

5

73

Articles of iron or steel

$26,922

$10,964

-59%

5

10

Cereals

$14,325

$10,575

-26%

5

30

Pharmaceutical products

$10,526

$9,164

-13%

5

22

Beverages, spirits and vinegar

$13,377

$8,677

-35%

7

38

Miscellaneous chemical products

$9,162

$8,492

-7%

5



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Mongolia. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Mongolia

GDP in 2014, billion dollars

1,857.461

11.981

GDP in 2015, billion dollars

1,175.996

12.455

Inflation, average consumer prices, %

7.82

9.21

Volume of imported goods, billion dollars

282.6

3.8

Volume of exported goods, billion dollars

492.1

4.5

Unemployment rate, %

5.10

9.12

Population, millions

143.7

2.9


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