According to Mongol Bank statistics, foreign trade turnover of Mongolia has reached USD735.2 million in the end of January and it has grown by 32 percent in comparison of January, 2011.

42.1 percent of total goods circulation or commerce of USD309.4 million has been dealt with China and 23.9 percent of goods circulation or commerce of USD175.5 million has been dealt with Russia.

Total export balance of trade has grown by 15.2 percent in comparison of January, 2011 and import balance of trade has grown by 42.1 percent. Import growth has influenced to foreign trade deficit that has been accounted USD254.6 million.

Coal export has occupied 31.2 percent of total export and Mongolia has exported 21 million tons of coal to China. Also copper enrichment export has occupied 27.8 percent, iron ore 15.7 percent and crude oil 8.1 percent of total export.

Main export goods’ border prices have been increased by 11.8 percent and import goods’ prices have been increased by 49.1 percent. Export and import prices’ increases have influenced to foreign trade total goods circulation growth.