Export reaches USD 611.5 million as of SeptemberEconomy
Ulaanbaatar /MONTSAME/ In the first 9 months of 2018, Mongolia traded with 152 countries from all over the world and total trade turnover reached USD 9.6 billion, where exports was USD 5.3 billion and imports was USD 4.4 billion.
In September 2018, exports and imports reached to USD 611.5 million and USD 549.0 million, respectively. Compared to same period of previous year, exports increased by USD 131.0 million (27.2%), and imports increased by USD 172.5 million (45.8%).
Total foreign trade turnover increased by USD 1.9 billion (25.0%), of which exports by USD 699.9 million (15.3%) and imports by USD 1.2 (39.2%) billion compared to the same period of the previous year.
In the first 9 months of 2018, foreign trade surplus reached USD 931.7 million, decreased by USD 526.5 million (36.1%) from USD 1.5 billion in the same period of 2017. While, there was foreign trade surplus of USD 62.5 million in September 2018, which is USD 41.5 million (39.9%) less compared to same period of previous year.
Exports of mineral products, textiles and textile articles, natural or cultured stones, precious metals and jewellery make up to 95.5% of total export. On the other hand, 66.8% of imports are made up from mineral products, machinery, equipment, electric appliances, transport vehicles and their spare parts and food products.