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Trade and Economic Cooperation
22 March 2021 13:22

The main institution that coordinates bilateral trade and economic cooperation is the Intergovernmental Ukraine-Mongolia Commission on Trade-Economic and Scientific-Technical cooperation.

The state of trade and economic cooperation (2020)

State of trade in goods. According to the State Statistics Service of Ukraine, in 2020, the bilateral trade turnover amounted to $23.4 million and decreased by 12.7% compared to 2019. Exports of goods from Ukraine to Mongolia amounted to $23.1 million (-11.5%), imports of Mongolian goods to Ukraine amounted to $0.3 million (decreasing by 2.3 times). The positive balance for Ukraine for this period amounted to $2.8 million.

State of trade in services. In 2020, the trade in services amounted to $0.5 million and increased in comparison with 2019 by 2 times. Exports of services from Ukraine to Mongolia amounted to $0.4 million and increased by 25%, imports of Mongolian services to Ukraine amounted to $0.1 million (without changes). The positive balance for Ukraine for this period was $0.3 million.

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