Mongolian Cashmere Shops (Gobi, Goyo)

Overview

Mongolia produces roughly 40% of the world's raw cashmere, and Ulaanbaatar's factory-outlet stores — particularly Gobi Cashmere and Goyo — offer sweaters, scarves, coats, and blankets at a fraction of international retail prices. Shopping for cashmere is a quintessential UB experience.

Highlights

• Gobi Cashmere: Mongolia's most established brand with a flagship store in the CBD, offering classic and contemporary designs.
• Goyo Cashmere: A newer luxury brand with boutique-style stores and more fashion-forward styles.
• Factory prices: Cashmere products cost 30–60% less than equivalent items sold internationally.

History

Mongolia has produced cashmere for centuries — the fibre comes from the undercoat of nomadic goats that endure extreme winter temperatures. The modern cashmere industry developed in the 1980s with Soviet-built processing factories, and has grown into a major export sector since privatisation in the 1990s.

Visitor Tips

• Tip 1: Visit the Gobi flagship near the State Department Store for the widest selection.
• Tip 2: Check for end-of-season sales in April–May and October–November.
• Duration: 30–45 minutes.