Nightmare for Mongolia’s exporters - News.MN

Nightmare for Mongolia’s exporters

Nightmare for Mongolia’s exporters

According to the National Statistics Office, Mongolia’s exports fell by 45.3 percent in the first quarter of 2020 due to the coronavirus restrictions compared to same period last year. In the first quarter of 2020, Mongolia traded with 121 countries from all over the world. The total trade turnover reached USD 3 billion, of which USD 1.4 billion were exports and USD 1.6 billion were imports.

Total foreign trade turnover decreased by USD 1.3 billion (30.8%), of which exports decreased by USD 1.1 billion (45.3%) and imports decreased by USD 179.9 million (10.2%) compared to the same period of 2019.

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