Mongolia makes up 11 percent of China’s coal importEconomy
Ulaanbaatar /MONTSAME/ Coal price has doubled against the same period of last year to reach USD 103.7 per ton. As of September 2016, Mongolia made up 11 percent of the total coal import of China, Mongolia’s main coal consumer.
Mongolia’s coal export reached its peak in 2011, having constituted 47 percent (USD 2.3 billion) of the country’s annual export. The economy grew by record 17.3 percent that year. In 2011, Mongolia supplied 26 percent of China’s coal import.