Mongolia’s coal exports soar by 114 percent on year

Old News! Published on: 2021.04.16

Mongolia’s coal exports soar by 114 percent on year

Ankhtuya

Economic2021-04-16

Over January-March, Mongolia’s total coal exports surged 113.7% on year to 6.7 million tonnes, among which 93.5% were to China, and the second largest destination was Singapore, which accounted for 5.8% of the total, according to Mongolia’s Customs data on April 12.

China has always been the top destination of Mongolian coal exports, while Singapore’s portion grewfrom the 3.7% for 2020 and the 0.9% for 2019 whole year, according to the data.

China accounted for 92.5 percent of Mongolia’s total exports and 39.1 percent of its total imports in the January-March period, said the office in a statement.

Meanwhile, Mongolia’s total trade with 121 foreign economies reached 3.5 billion U.S. dollars.

Mongolia is a landlocked country with rich natural resources, among which mineral fuels, ores and livestock are the main export commodities.