Trade surplus of Mongolia reaches 4.3 billion USD
Tuva, Ulaanbaatar, January 19 - During the recess of the State Great Khural, the Budget Standing Committee conducted an inspection of the General Administration of Customs on January 17 within the framework of understanding the work situation of relevant institutions within its jurisdiction.
Deputy Director of the General Administration of Customs, G. Enkhtev, stated that according to statistical data, the total value of foreign trade goods of Mongolia in 2025 reached 27 billion USD. Among them, exports amounted to 15.7 billion USD, imports were 11.3 billion USD, and the trade surplus was 4.3 billion USD. However, the growth rate of the trade surplus decreased by 1.8% year-on-year. The General Administration of Customs estimated the amount of imported goods at 12.3 billion USD at the macro level, but the actual import scale last year was about 300 million USD less than expected, which had an adverse impact on the completion of the fiscal revenue plan.
During this period, the Chairman of the Budget Standing Committee, N. Naranbat, said, "The State Great Khural highly values the construction of human rights policies, economic freedom, and a fair, just, and friendly tax environment that are sensitive to social expectations, national interests, and the requirements of the times. During the autumn session of the State Great Khural in 2025, the Budget Standing Committee promoted the passage of several laws and regulations and explained the related situations. It is planned to review draft laws related to budget preparation, implementation, and taxation at the spring session. Customs officials, especially the leadership, should stay away from all corruption and conflicts of interest, strictly abide by the law, fulfill their duties, ensure the formation of state fiscal revenue within the framework of the Budget Law, expand the tax base, and focus on using artificial intelligence in business operations to achieve an operational mechanism that reduces human intervention and avoids external influences."
Additionally, the customs department provided detailed explanations on the measures to be taken in the future, the customs revenue in the national finance, and its implementation, and pointed out the need to revise and improve the relevant laws on tariffs and taxes, as well as the resolution of the State Great Khural on the approval of the customs tariff rates for imported goods, in order to improve the legal environment.
After listening to the report, committee members raised questions and expressed opinions on issues such as the professional ethics and disciplinary responsibilities of customs staff, the implementation of the fiscal revenue plan, port and business reforms, digitalization, and the enhancement of human resources capabilities. They emphasized that the customs department belongs to a field with high social attention and significant risks, and should always adhere to the transparency of business operations, scientific decision-making, further reduce human factors and human interventions, and promote a management model supported by technology and modern science and technology.
Original: toutiao.com/article/1854745273078855/
Statement: This article represents the views of the author himself.