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Canada-Mongolia fact sheet

Official Title:
Mongolia

General Information

Capital: Ulaanbaatar
Population (million): 3.41
Total Area: 1,600,000 km2
Currency: 1 CAN$ = 2023.49 Mongolian Tugrik (MNT) (2021- Annual average)
National Holiday: Naadam, July 11
Language(s): Khalka Mongol, Turkic, Russian, Chinese

Political Information

Type of State:
Republic

Type of Government:
Mixed parliamentary/presidential

Head of State:
President Ukhnaagiin KHÜRELSÜKH

Head of Government:
Prime Minister Luvsannamsrai OYUN-ERDENE

Ministers:
Deputy Prime Minister: S. AMARSAIKHAN
Foreign Relations: B. BATTSETSEG
Mining and Heavy Industry: J. GANBAATAR

Main Political Parties:
Mongolian People’s Party (MPP), Democratic Party (DP), Mongolian People’s Revolutionary Party (MPRP), Civil Will-Green Party (CWGP)

Elections:
Legislative: June 2020. Presidential: June 2021.

Economic Information (2021)

Comparative figures
Type Mongolia Canada
GDP: ($ billion) 19.36 2,517.75
GDP per capita: ($) 5,676.46 65,864.62
GDP growth rate: (%) 1.64 4.54
Inflation: (%) 7.11 3.4
Unemployment: (%) 8.1 7.43

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $ 14,434,028
Canadian imports from country: $ 1,915,204
FDI in Canada: -
CDI in the country: $ 253 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
Ambassador Yadmaa ARIUNBOLD

Canadian Representation Abroad:
Ambassador Catherine IVKOFF

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the figure is unavailable.

Bilateral Product trade
Canada - Mongolia
Year Exports Imports
2017 $ 27,343,516 $ 2,488,587
2018 $ 27,885,218 $ 3,659,889
2019 $ 44,887,780 $ 3,148,173
2020 $ 18,528,804 $ 1,399,975
2021 $ 14,434,028 $ 1,915,204
21 HS Sections (2021)
Canada - Mongolia
Section Exports Imports
01 Animal & Prod. $ 29,848 -
02 Veg. Prod. $ 8,800 $ 600,586
03 Fats, Oils & Waxes Prod. - -
04 Food Prod. $ 1,005,273 $ 41,013
05 Mineral Prod. $ 43,590 $ 69
06 Chemical Prod. $ 1,981,684 $ 3,595
07 Plastics, Rubber Prod. $ 152,492 $ 1,622
08 Leather, Fur Prod. $ 5,826 $ 11,687
09 Wood Prod. $ 151,096 $ 414
10 Paper Prod. $ 159,099 $ 860
11 Textiles Prod. $ 217,818 $ 714,622
12 Dress Access. $ 27,279 $ 26,077
13 Glass & Stone Prod. $ 11,602 $ 210
14 Precious Metals/stones - $ 3,466
15 Base Metal Prod. $ 737,209 $ 23,896
16 Mach. Mech. Elec. Prod. $ 7,994,138 $ 15,470
17 Vehicles and Equip. $ 374,425 $ 17,979
18 Specialized Inst. $ 1,491,811 $ 36,005
19 Arms & Ammunition - -
20 Misc. Articles $ 861 $ 415,929
21 Antiques $ 11,500 $ 1,704


December 2022
Sources include: Statistics Canada, IMF

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