Ulaanbaatar
Total foreign trade turnover increases by 51 percent
Economy
Ulaanbaatar /MONTSAME/ General Customs Administration reported
that the total trade turnover of Mongolia reached USD 4.4 billion in the first
four months of 2021, which increased by 1.4 billion or 50.6 percent compared
with the same period of 2020.
Specifically, exports exceeded imports by USD 535.4 million. Exports
of goods and raw materials amounted to USD 2.4 billion, an increase of 81.8
percent compared with the same period of the previous year, and 98.8 percent of
the goods exported were in foreign currency.
It was also reported that Mongolia exported goods to 48
countries, of which 92.5 percent went to China, 2.3 percent to South Korea and
2 percent to Singapore, which accounted for 96.9 percent of total exports.
In addition, goods and raw materials worth USD 1.9 billion were
imported, an increase of USD 374.9 million or 23.6 percent compared with the
same period of the previous year.
