Trade between Mongolia and Russia rises by 40 percent - News.MN

Trade between Mongolia and Russia rises by 40 percent

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2019/05/21

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Trade between Mongolia and Russia rises by 40 percent

The trade turnover between Mongolia and Russia in 2018 rose by 39.8 percent year-on-year, reaching 1.8 billion U.S. dollars, the Mongolian Customs General Administration said on Tuesday 5 February.

The agency said that Mongolia managed to increase the supply of agricultural and mineral products to Russia, which was part of the reason for the increase in bilateral trade.

The bulk of Mongolia’s core agricultural exports are meat, cashmere and leather products.

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