J.Enkhbayar, First Deputy Prime Minister and Minister of Economy and Development, made a statement on March 24, 2026, regarding the possible impact of the tense situation in the Middle East on Mongolia’s economy, as well as the measures to be taken and current issues.
Minister J.Enkhbayar said the risk of a direct impact on Mongolia’s economic relations with China and Russia is high, particularly in connection with key export products. However, he noted that the impact on economic relations with Middle Eastern countries is minimal.
He said Mongolia exports about USD 60 million worth of meat to the Middle East, with Iran and Qatar among its main markets. According to him, measures will be taken to stabilize these exports and shift them to other regions if necessary. He added that the risk is expected to remain low, as Mongolian livestock meat has a relatively strong reputation in the region and demand remains high.
Mongolia exports 64 types of products to the Middle East, accounting for 0.42 percent of total exports. Imports from the region are also limited, at about USD 8.8 million, meaning the overall impact on Mongolia’s economy is expected to be small, Minister J.Enkhbayar said.
J.Enkhbayar, First Deputy Prime Minister and Minister of Economy and Development, made a statement on March 24, 2026, regarding the possible impact of the tense situation in the Middle East on Mongolia’s economy, as well as the measures to be taken and current issues.
Minister J.Enkhbayar said the risk of a direct impact on Mongolia’s economic relations with China and Russia is high, particularly in connection with key export products. However, he noted that the impact on economic relations with Middle Eastern countries is minimal.
He said Mongolia exports about USD 60 million worth of meat to the Middle East, with Iran and Qatar among its main markets. According to him, measures will be taken to stabilize these exports and shift them to other regions if necessary. He added that the risk is expected to remain low, as Mongolian livestock meat has a relatively strong reputation in the region and demand remains high.
Mongolia exports 64 types of products to the Middle East, accounting for 0.42 percent of total exports. Imports from the region are also limited, at about USD 8.8 million, meaning the overall impact on Mongolia’s economy is expected to be small, Minister J.Enkhbayar said.