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Mongolia

EDC Position-open all programs

EDC's Position

  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Weekdays from 9 am to 5 pm EST

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Country At A Glance

Flag of Mongolia
Map of Mongolia

Country Facts

Nominal GDP10.31 Billion USD
Population2.84 Million
Total Trade/GDP102.81%
CurrencyMongolian Tugrik (MNT)
Merchandise Imports from Canada36.21 Million CAD

EDC in Mongolia

Canadian companies assisted28
International buyers insured17
Business volume19.19 Million CAD

Business Environment

Mongolia is a small economy, but one of increasing importance in the area of mining. Canada is the second largest investor in the country. However, despite improvements in macroeconomic stability, the credit environment in Mongolia remains challenging. Trade is of high importance to the country's economy. The Government of Canada has taken an important step to support Canadian business in Mongolia by opening a new Embassy in Ulan-Bator, and is in negotiating a foreign investment protection agreement driven by extensive Canadian investment in the market.

Key Industries

  • Agriculture
  • Environmental Infrastructure & Waste Water
  • Mining & Metals

How we can support your business

Through our representations in Moscow, Russia, we provide regional support to Canadian companies planning on or currently doing business in Mongolia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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