Mongolia’s exports fall by 34.4 percent - News.MN

Mongolia’s exports fall by 34.4 percent

Mongolia’s exports fall by 34.4 percent

Mongolian custom officials reported today (1 April) the export and import statistics for the first quarter of 2020. Export revenue reached USD 1 billion 139.6 million in the first quarter of 2020; however – which represents a 34.4 percent decrease on the same period in 2019. Exports stopped entirely when Mongolia closed its borders. The country is still almost entirely dependent on coal and ore exports to China. Coal trucks have only recently resumed deliveries to China via the Gashuun Sukhait and Shivee Khuren border crossings. Exports totalled 3 million 104 thousand tonnes of coal in the first quarter; a fall of 59.8 percent on the same period in 2019.

Mongolia imported goods worth USD 1 billion 211.1 million in the first quarter of 2020; a decrease of 11.2 percent on last year.

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