Mongolia's 2027 Coal Exports to China Will Be About Volume, Not Price

Jadambyn Enkhbayar, the first deputy prime minister, said exports reached USD 16.6bn in the first nine months of 2026, up 54 percent on last year, with coal ports overfulfilling their plans and the Khangi border port at 140 percent. In the first nine months Mongolia shipped 82.3 million tonnes of coal for USD 5.9bn.

The trajectory points to roughly 110 million tonnes for the full year. Forecasts point to 120 million tonnes in 2027, with Mysteel projecting 82 to 95 million tonnes of steel-making coal imports from Mongolia to China alone.

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