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Mongolia's foreign trade up 6.6 percent

Christian Fernsby ▼ | December 13, 2019
Mongolia's foreign trade in terms of goods rose 6.6 percent year on year in the first 11 months of 2019, showed data released by the country's National Statistical Office (NSO).
Mongolian coal mine
Economy in Mongolia   Mongolian coal mine
During the period, Mongolia's foreign trade volume reached 12.6 billion U.S. dollars, the office reported.

Topics: Mongolia trade

Exports recorded an increase of 8.9 percent from a year earlier to reach 7.0 billion U.S. dollars, while imports grew 4.0 percent to 5.6 billion dollars.

A significant increase in the export of mineral products, especially coal and gold, largely contributed to the overall growth, the NSO said, noting that mineral products accounted for over 80 percent of the total exports.

In the January-November period, Mongolia traded with a total of 152 economies around the world.