Mongolia exports 32.3 million tons of coal as of first ten monthsEconomy
Ulaanbaatar /MONTSAME/. Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.
Mongolia has exported the coal equal to USD 2.75 billion which shows the increase of USD 309.2 million and 1.4 million tons respectively compared with the same period of previous year.
In the same period of 2018, the average border price of coal was at USD 78.8 per ton while it increased to USD 85.0 this year, and 98.2% of a total coal was exported to China.