Home > Home > Country Info > Mongolia

Mongolia

EDC Position-open all programs

EDC's Position

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

1-888-434-8506

Weekdays from 9 am to 5 pm EST

Submit an online inquiry form

Country At A Glance

Flag of Mongolia
Map of Mongolia

Country Facts

Nominal GDP10.27 Billion USD
Population2.83 Million
Total Trade/GDP145.08%
CurrencyMongolian Tugrik (MNT)
Merchandise Imports from Canada71.93 Million CAD
Canadian direct investment1,936 Million CAD

EDC in Mongolia

Canadian companies assisted20
International buyers insured13
Business volume22.57 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.
 

Related Information

Let’s Talk Exports

Let’s talk about growing your business.

Let’s Talk Exports. National tour: April 24 – June 3

Register now

Follow us:

LinkedIn Twitter Facebook YouTube Google+ RSS Feed