Mongolia's foreign trade up over 50 percent - News.MN

Mongolia’s foreign trade up over 50 percent

Old News! Published on: 2023.05.08

Mongolia’s foreign trade up over 50 percent

Mongolia’s total imports and exports expanded 50.4 percent year on year to USD 7.7 billion in the first four months of 2023.

Mongolia registered a surplus in foreign trade balance as exports exceeded imports by around USD 2.4 billion, mainly due to a significant increase in the exports of mining products.

Mining products accounted for 88.7 percent of the mineral-rich country’s total exports in the four-month period.

During the same period, the landlocked country traded with 125 economies.

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