Conference on “Non-Mining Exports and Supply Chain Financing” Held

On 17 November 2025, the Bank of Mongolia organized a conference titled “Non-Mining Exports and Supply Chain Financing,” aimed at promoting sustainable development of non-mining exports and related financing mechanisms.

The conference brought together representatives of the Bankers Association of Mongolia, the Wool and Cashmere Association, producers, commercial banks, and international financial institutions.

In his opening remarks, Mr. Lkhagvasuren Byadran, the Governor of the Bank of Mongolia, highlighted the structural imbalance in Mongolia’s export composition. He noted that, as of last year, mineral products accounted for 93 percent of total exports, while non-mining exports represented only 7 percent. He emphasized that Mongolia’s increasing reliance on mineral export revenues has made the economy more vulnerable to both domestic and external shocks, underscoring the need to place greater focus on the non-mining sector and its export potential.

The Governor further pointed out that wool and cashmere products account for approximately 33 percent of non-mining export revenues, with the majority exported in semi-processed form. He stressed that strengthening the sector and expanding value-added production could generate more than USD 1 billion in annual revenues, representing a significant step toward export diversification and improved competitiveness.

During the conference, discussions were held on development trends in the wool and cashmere sector, which contributes more than 30 percent of non-mining export revenues. Participants explored opportunities to promote value-added production, as well as financial products and services tailored to the specific needs of the sector.

In addition, presentations and discussions addressed the current state of non-mining exports, financing opportunities, supply chain financing solutions, and the investment and business environment of Mongolia’s wool and cashmere industry.

The conference aimed to strengthen cooperation among policymakers, the private sector, and international organizations, identify key challenges facing the non-mining export sector, and explore practical solutions to support its development.