Imports and exports fall - News.MN

Imports and exports fall

Old News! Published on: 2015.11.24

Imports and exports fall

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According to Kh.Chinbat, director of the Mongolian Quarantine and Border Control Authority, exports and imports have fallen; this being a result of the slow-down in the Mongolian economy. A report from June 2015, states that in total 791,300 tons, 30267 litres of 10, 0057,000 items were imported to Mongolia.

According to statistics from October 2015, the total Mongolian balance of trade has reduced by 21.9% (USD 1,988 billion), of which exports have fallen by 14.7% (USD 677.8 million) and imports by 29.3% (USD 1,310 billion).

Approximately 500 entities import and sell 3555 different products, under the aegis of the Quarantine and Border Control Authority. In recent years, violations related to imported products have declined.

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