Automobile import increases, while truck import dropsEconomy
Ulaanbaatar /MONTSAME/ Automobile imports increased by 1.7 percent in 2016 compared to that of previous year. A total of 37 thousand and 738 automobiles were imported to Mongolia last year.
In terms of value, the import totaled USD 219.7 million, which represents 4.6 percent increase against 2015. USD 185.1 million or 84.2 percent of the total imported cars came from Japan, while German cars make up 7.0 percent and S.Korean cars – 3.6 percent.
In 2016, Mongolia imported automobiles from 24 countries.
On the other hand, the import of trucks decreased by 12.2 percent, going down to 6,835 trucks. The value of truck import fell by 7.5 percent to USD 46.4 million.
The majority of imported trucks are supplied from China and South Korea.
Source: Bloomberg TV Mongolia