Mongolian exports increase by 38 percent - News.MN

Mongolian exports increase by 38 percent

Old News! Published on: 2017.08.28

Mongolian exports increase by 38 percent

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Л.Энх-Оргил
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Mongolia traded with 145 countries during the  first seven months of 2017. Cumulative trade turnover reached USD 5.9 billion; export accounting for USD 3.5 billion and imports for USD 2.3 billion. During the reporting period, the total trade amount increased by USD 1.5 billion or 33.9 percent, exports by USD 979.2 million or 38.5 percent and imports by USD 504.1million or 27.5 percent on the previous year.

The reason why imports increased by 27.5 percent is largely due to the   USD 183.8 million rise in mining imports; diesel imports increased by USD 141.4 million, electronics or motor vehicle equipment by USD 116.3 million, metal products by USD 55.6 million and auto fuel by USD 33.9 million in the first seven months of 2017.

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