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EDC Position-open all programs

EDC's Position

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

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Country At A Glance

Flag of Mongolia
Map of Mongolia

Country Facts

Nominal GDP11.23 Billion USD
Population2.88 Million
Total Trade/GDP118.43%
CurrencyMongolian Tugrik (MNT)
Merchandise Imports from Canada7.96 Million CAD

EDC in Mongolia

Canadian companies assisted21
International buyers insured20
Business volume4.35 Million CAD

Business Environment

Mongolia is a small economy, but one of increasing importance in the areas of mining, infrastructure and agriculture. Canada is one of the largest investors in the country, mainly in the mining sector. The credit environment in Mongolia remains challenging and the currently low commodity prices might undermine the country's macroeconomic indicators performance going forward. Trade is of high importance to the country's economy, particularly with China.  

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.

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