Hulunbuir's economy is traditionally based on animal husbandry, with sheep, cattle, and horse farming forming the backbone of rural livelihoods. The region is one of China's most important livestock production bases, known for high-quality lamb, beef, and dairy products.
Tourism has grown rapidly as the primary economic driver, with the grasslands, wetlands, and border culture attracting millions of visitors annually. The Naadam Festival and other cultural events draw both domestic and international tourists.
Mining also plays a significant role, with substantial coal reserves in the region. However, environmental concerns have led to tighter regulations. Forestry in the Greater Khingan Range contributes to the economy, along with a growing renewable energy sector.
Agriculture in the limited arable areas focuses on cold-resistant crops such as wheat, rapeseed, and potatoes, as well as greenhouse vegetable production.