- Petroleum products accounted for 89.2% of the total value of mineral product imports.
- During the first three months of 2024, Mongolia imported 668.4 thousand tons of petroleum products worth $557.1 million, reflecting a 36.3% increase in volume (178.1 thousand tons) and a 31.6% increase in value ($133.9 million) compared to the same period last year.
- 90.5% of total petroleum product imports consisted of automotive gasoline and diesel fuel, with:
- 30.0% being automotive gasoline, and
- 60.5% being diesel fuel.
Automotive Gasoline Imports
- In Q1 2024, Mongolia imported 230.1 thousand tons of automotive gasoline worth $167.0 million.
- This represents an increase of 46.5% in volume (73.0 thousand tons) and 45.3% in value ($52.1 million) compared to Q1 2023.
Diesel Fuel Imports
- In Q1 2024, Mongolia imported 392.3 thousand tons of diesel fuel worth $337.2 million.
- Compared to Q1 2023, this reflects a 34.0% increase in volume (99.5 thousand tons) and a 29.2% increase in value ($76.3 million).
