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Mongolia's foreign trade down 21.3 percent

Christian Fernsby ▼ | March 13, 2020
Mongolia's foreign trade volume declined 21.3 percent year on year to 1.5 billion U.S. dollars in the first two months of this year, the country's National Statistics Office (NSO) said today.
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The decline is a result of exports and imports contracting 29.5 percent and 10.4 percent year on year, respectively, the NSO said in a statement.

Topics: Mongolia trade

The decrease in foreign trade is largely related to a temporary suspension of coal deliveries across its southern border into China as part of precautionary measures against the spread of coronavirus, according to the statistics agency.

Coal is the landlocked country's main commodity export.