Mongolia’s industrial output increases by 21 percent - News.MN

Mongolia’s industrial output increases by 21 percent

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2019/03/20

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Mongolia’s industrial output increases by 21 percent

Mongolia’s 2018 industrial production increased by 21 percent from the previous year, reaching about USD5.9 billion, according to the National Statistics Office.

Output of the main products of the mining and extractive industries was up by 19.6 percent, making it the main driver of overall growth.

Mainly, the volume of raw coal production rose by 63.1 percent, whilst that of iron ore production increased by 3.4 percent, year on year.

Mining industry products last year accounted for about 85 percent of the total industrial production in the landlocked country, which is rich in natural resources such as gold, silver, iron, coal and copper.

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