Mongolia-Russia trade increased by 58.8 percent

2017-02-22 17:28:13

Ulaanbaatar /MONTSAME/ In January 2017, Mongolia traded with 99 countries and total trade turnover reached USD 705.7 million, of which USD 428.5 million were made up by exports and USD 277.2 million by imports.

The total foreign trade turnover increased by USD 177.4 million (33.6%). Out of that, exports increased by USD 99.4 (30.2%) and imports increased by USD 78.0 million (39.2%) compared to the same period of previous year.

In the first month of 2017, foreign trade surplus reached USD 151.4 million dollars which increased by USD 21.4 million dollars from USD 130.0 million dollars in the same period of 2016.

Mongolia-China trade accounted for 68 percent of the total trade turnover, which increased by 36.1 percent compared to the last year. Meanwhile, 11.9 percent of the total trade turnover was made up by Mongolian and Russian trade, showing 58.8 percent increase.

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