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Mongolia

EDC Position-open all programs

EDC's Position

  • Responsive approach to business
  • Open on a restricted basis, under select programs

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Country At A Glance

Flag of Mongolia
Map of Mongolia

Country Facts

Nominal GDP11.72 Billion USD
Population2.92 Million
Total Trade/GDP83.62%
CurrencyMongolian Tugrik (MNT)
Merchandise Imports from Canada8.75 Million CAD
Canadian direct investment6,368 Million CAD

EDC in Mongolia

Canadian companies assisted17
International buyers insured11
Business volume963.69 Million CAD

Business Environment

Mongolia is a small economy, but one that is focused on the country’s key sector: mining. Looking forward, Mongolia will continue to seek opportunities to diversify its economy by growing its non resource based sectors such as the infrastructure and the agriculture sectors. Mongolia’s budgetary environment continues to pose challenges due to persistent and low commodity prices that are expected to continue to undermine the country's macroeconomic performance. Trade and foreign investment continues to be of high importance to the country's economy.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • 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.

Consult our interactive Country Risk Quarterly report.

 

EDC Representatives

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