Mongolia’s January to July 2025 trade surplus fell to USD 1.3 bln from USD 2.9 bln a year earlier, as exports dropped USD 1.5 bln to USD 7.8 bln, mainly due to a USD 2.4 bln plunge in coal exports to China. Gains in copper and zinc shipments only partly offset declines in coal, cashmere, and crude oil.