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Mongolia’s trade surplus widened to USD 767.0 million in July 2026, from USD 217.1 million in the same month a year earlier, marking the highest level since March. Exports climbed 54.8% year-on-year to USD 1,812.0 million, while imports rose at a softer pace of 9.6% to USD 1,045.1 million. Over January-July, exports jumped 57.5% to USD 12,205.9 million, driven by higher shipments of mineral products (64.2%), particularly bituminous coal (59.0%) and copper ores and concentrates (89.7%). Among key trading partners, China remained the main export destination, accounting for 94.3% of total exports, followed by Switzerland (3.3%). Meanwhile, imports increased 10.4% to USD 7,158.1 million, supported by higher purchases of mineral products (35.7%), particularly oil products (35.0%), while machinery, equipment, and electrical appliances (8.8%) also posted an increase. China accounted for the largest share of imports (40.2%), followed by Russia (27.7%) and Japan (9.2%).

Mongolia Trade Surplus at 4-Month High

South Africa’s unemployment rate rose to 33.6% in second quarter of 2026 from 32.7% in the first quarter, the highest since the second quarter of 2022. The number of unemployed people increased 4.2% to 8.481 million, while employment edged down 0.1% to 16.739 million. The labor force grew 1.3% to 25.220 million, although the participation rate slipped to 59.6%. The potential labor force, comprising people available but not seeking work or seeking work but unavailable, fell by 280,000 to 4.571 million, while those outside the labor force for other reasons increased by 72,000 to 12.519 million. Labor underutilization worsened, with the combined unemployment and time-related underemployment rate rising to 36.6% from 35.9%. The combined rate of unemployment and the potential labor force edged up to 43.8% from 43.7%, while the broader measure of labor underutilization remained at 46.3%.

South Africa Unemployment Rate Rises to 2022-Highs

Senegal’s annual inflation rate eased to 0.3% in July 2026 from 0.4% in June, the lowest since May 2025. The slowdown was mainly driven by a sharper decline in food prices, which fell 0.4% after a 0.2% drop, and housing and utilities, down 0.8% following a 0.6% decrease. Inflation also eased for alcoholic beverages and tobacco (11.8% vs 12%) and furnishings (0.7% vs 0.8%). Meanwhile, inflation remained at 0.8% for recreation, sports and culture, 1% for education, 2.2% for restaurants and hotels, and 0.6% for financial services. In contrast, deflation eased for transports, to 0.1% from 0.6%, while inflation accelerated for health (1.8% vs 1.6%) and clothing and footwear (1.2% vs 1.1%). On a monthly basis, consumer prices rose 1%, marking the highest level since September 2025, after remaining unchanged in the prior month.

Senegal Inflation Eases to Lowest Since May 2025

Mozambique’s annual inflation rate edged down to 7.48% in July 2026 from 7.51% in June. The slowdown was mainly driven by softer food inflation, which fell to 12.62% from 13.35%, alongside easing price growth for recreation, sports and culture (4.69% vs 4.76%), restaurants and hotels (4.22% vs 4.44%) and alcoholic beverages and tobacco (4.11% vs 4.68%). In contrast, transport inflation accelerated to 14.87% from 13.85%, while inflation also increased for clothing and footwear (4.81% vs 4.62%), furnishings (1.44% vs 1.19%) and communications (0.35% vs 0.18%). Housing and utilities inflation was broadly stable at 4.44%. On a monthly basis, consumer prices fell 0.26%, reversing a 0.2% increase in June.

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