Source: U.S. Census Bureau, Foreign Trade                       Date: 18 May, 2011

U.S. export of goods to Mongolia in the first three months of 2011 totaled USD68.2 million, and imports USD5.8 million. The information paints a compelling picture of a surging export relationship. The first quarter exports are about 60% of last year's total of USD114 million.  The composition of these exports is more diverse than expected.  Of course, mining equipment is important, but cars and materials handling equipment comprise key parts of the export portfolio. The data sets also confirm that Mongolian exports to the U.S. have declined in the wake of the end of the Multi-Fiber Agreement in 2005, dropping from nearly USD240 million in 2004 to less than USD12 million in 2010, and to USD5.8 million in this year’s first quarter, which shows a deficit of USD62.4 million for Mongolia.