Ulaanbaatar/MONTSAME/ A result of foreign trade for the first 2 months 2019 has been based on 69106 export, and 36415 import customs declarations and other non-customs resources of information. 1804 export and 48 import declarations belong to the goods crossed through seasonal ports.

A result of total turnover of foreign trade for the first 2 months 2019 amounted USD1931.1 million which increased in USD 366.7 million or 23.4 percent against the same period of the last year. Export exceeded import in USD256.1 million and foreign trade balance became positive.

The volume of export is USD1093.6 million which means increase by 30.4 percent if compared with the same period of the last year. In total export minerals amounted USD826.2 million or 75.5%; natural or cultured pearls, precious or semi-precious stones amounted USD195.9 million or 17.9%; export of raw hides and skins, leather, fur skins and articles thereof equaled to USD2.9 million or 0.3%, textiles and textile articles USD24.7 million or 2.3% and in total 96.0% of export came to these goods. 

Сrude oil, iron ores and concentrates and zinc ores, copper concentrate and  concentrates were exported to China (100.0%), coal (97.9%) were exported to China. Flourspar concentrates were exported to China (67.0%), the Russian Federation (31.9%); leather of bovine or equine animals were exported to China; (52.7%) of combed cashmere to the Italy; most of exported raw hides and skins, washed cashmere comes to China, and gold were exported to United Kingdom (100.0%) and 91.9 percent of total export belong to these goods.

Mongolia has exported goods to 47 foreign countries including China (78.8%), United Kingdom (18.3%), the Russian Federation (0.8%) and 97.9% of whole export comes to these countries.

Goods and raw materials with value of USD837.5 million were imported and the volume of total import increased by USD111.5 million or 15.4% in comparison with the same period of 2018. Imported goods consist of transactions paid in hard currency (95.6%), goods supplied by foreign loan (2.1%), goods imported as foreign aid (0.4%), goods imported as foreign investment (1.6%), processed goods (0.04%).

In total import machinery, mechanic equipment and parts thereof, electric appliances, parts thereof amounted with value of USD178.3 million (21.3%), minerals-USD201.9 million (24.1%) and among them oil products were USD181.1 million (89.7%),  products of animal or vegetable origin and foodstuff USD82.4 million (9.8%), vehicles and aircraft, parts thereof-USD178.1 million (21.3%), plastics and rubber and articles thereof USD31.8 million (3.8%), base metals and products thereof – USD54.1 million (6.5%), chemical products – USD46.7 million (5.6%)  and 92.4% of the total import comes to these goods and products.

Goods worth USD17.5 million were imported as foreign loan by the international financial and economic organizations and donor-countries and these goods were originating from different countries such as China (82.7%), the USA (6.0%).      

Mongolia has imported goods originating from 109 different countries including the Russian Federation (29.5%), China (25.5%), the USA (10.5%), Japan (12.0%), Republic of Korea (3.8%) and Federal Republic of Germany (3.7%) and goods from these countries are equal to 85.0% of total import.