The total volume of industrial production from January to November amounted to ₮47.1 trillion, which is equivalent to approximately $13.2 billion.
The reported growth of 1.6% over the 11 months of 2025 signals a recovery of the Mongolian economy, mainly due to the mining sector, which holds leading positions. However, despite positive trends, risks remain due to high dependence on raw material exports. At the beginning of 2025, production increased by 17%, but there were also minor declines (up to -0.6%) during the first five months. Nevertheless, major projects such as Oyu Tolgoi support economic growth, despite forecasts of a slowdown in GDP growth in the second half of the year.
Exports of coal, copper ore, and concentrates account for 40.9% of total exports to China, while unprocessed or partially processed gold makes up 99.5% of exports to Switzerland.
According to preliminary data, the gross domestic product (GDP), calculated at current prices and production methods, amounted to ₮60.1 trillion for the first nine months of 2025, which is ₮4.7 trillion (8.5%) more compared to the same period last year. This is attributed to an increase in added value in agriculture by ₮2.1 trillion (43.2%) and in the services sector by ₮3.1 trillion (12.2%).
Tatar S. Maidar
source: MiddleAsianNews
