Asia ยท Country profile
Mongolia
India-Mongolia trade corridor: $10.6B bilateral trade, $0.2B FDI into India.
$10.6B
Trade with India
+13.1% YoY
$471.0B
GDP
Nominal
$0.2B
FDI into India
Cumulative
-$3.0B
Trade balance
India deficit
Top exports to Mongolia
- Rice and cereals
- Machinery
- Gems and jewellery
Top imports from Mongolia
- Copper and ores
- Gold and precious metals
- Edible oils
Trade corridor with India
2025: $10.6B ยท 5-yr CAGR 13.5%
Goods trade in USD billion, illustrative demo figures.
Latest Mongolia stories
Trade6h ago4 min read
India-Mongolia bilateral trade hits a new quarterly high
FDI9h ago5 min read
Mongolia investors commit fresh capital to Indian manufacturing
Policy12h ago6 min read
Revised tariff schedule for India-Mongolia goods notified
Technology15h ago7 min read
India and Mongolia deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 5% to 1% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 2 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Mongolia Business Forum
Dec 2026 ยท New Delhi
Delegation
Trade delegation to Mongolia
Feb 2027 ยท Mongolia
Buyer meet
Mongolia buyers-sellers meet
Mar 2027 ยท Mumbai
Policy
Joint working group on market access
Nov 2026 ยท Virtual