Trade Relations

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Trade Turnover

• 2023: USD 694 million
• 2024: USD 777.6 million

Exports

• 2023: USD 666.3 million
• 2024: USD 744.9 million

Imports

• 2023: USD 27.7 million
• 2024: USD 32.7 million

Mongolia’s exports to Switzerland are primarily unprocessed and semi-processed gold, as well as cashmere products. Imports from Switzerland mainly consist of pharmaceuticals and medical supplies, electrical equipment, and wristwatches.

Investment Volume and Structure

Between 1990 and 2018, Switzerland invested a total of USD 120.3 million in Mongolia. This investment covered 72 companies operating in diverse sectors, including trade, food production, banking and finance, geology, mining exploration and extraction, livestock processing, engineering and construction, building materials, tourism, transportation, light industry, and information technology.