Both exports and imports rise, as trade turnover shows deficit - News.MN

Both exports and imports rise, as trade turnover shows deficit

Old News! Published on: 2011.03.18

Both exports and imports rise, as trade turnover shows deficit

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Total turnover of trade with 96 countries in the first two months of 2011 reached USD1031.5 million, of which exports accounted for USD415.9 million and imports USD 615.7 million. This was an increase of USD423.9 million or 69.8 percent over the same period last year. The trade balance showed a deficit of USD199.8 million, while it had shown a surplus of USD15.9 million in the first 2 months of 2010.

This year imports were up by USD319.8 million or 2.1 times, and exports by USD104.1 million or 33.4 percent. Mineral products, natural or cultured stones, precious metal, jewelry, coins, textiles, live animals, animal origin products, raw and processed hides, skins, fur and articles thereof accounted for 97.8 percent of the total export.

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