83.2 percent of the sales of mining and quarrying production exported

Economy
unurzul@montsame.gov.mn
2020-02-18 14:16:39

Ulaanbaatar/MONTSAME/. By the preliminary results of January 2020, the gross industrial output reached MNT 1.1 trillion, showing a decrease of MNT 191.4 billion (14.5%) from the same period of the previous year. This decrease was mainly due to mining and quarrying gross output by MNT 219.0 billion (23.0%).


Out of the gross industrial output, 65.1% were produced in the mining and quarrying sector, 22.7% -- the manufacturing sector and 12.2% -- electricity, thermal energy and water supply sectors.


By preliminary results of January 2020, the mining and quarrying gross output reached MNT 732.2 billion, showing a decrease of MNT 219.0 billion (23.0%) from the same period of the previous year.


This decrease was mainly due to decreases in mining of coal and lignite by MNT 183.1 billion (43.9%), extraction of crude petroleum by MNT 18.1 billion (23.0%), mining of metal ores by MNT 17.4 billion (3.9%) and other mining and quarrying by MNT 452.0 million (5.4%).


Out of the mining and quarrying gross output, 58.7% were produced in the mining of metal ores, 31.9% --- mining and quarrying, 8.3% -- the extraction of crude petroleum, and 1.1% -- other mining and quarrying.


By the preliminary results of January 2020, in the mining and quarrying sector, the extraction of gold is increased by 13.3% compared to the same period of the previous year. In the manufacturing sector, the production of metal foundry, lime, concentrated coal and coal briquette are increased from 1.5% to 7.4 times more.


On the other hand, in the mining and quarrying sector, the extractions of iron ore, fluorspar, brown coal, copper concentrate, crude oil, and hard coal are decreased by 3.2-36.3%. In the manufacturing sector, productions of milk, pure water, soft drink, juice, alcoholic beverage, wheat flour, cashmere products, combed cashmere, metal steel, copper cathode, and meat are decreased by 2.4-71.5% compared to the same period of the previous year.


In January 2020, the seasonally adjusted industrial production index was 146.3 (2010=100), decreased by 17.5% from the same period of the previous year and by 4.1% from the end of the previous year.


By the preliminary results of January 2020, the sales of industrial production reached MNT 1.2 trillion, decreased by MNT 370.4 billion (23.3%) from the same period of the previous year. This decrease was mainly influenced by a decrease of MNT 524.4 billion (43.9%) in sales of mining and quarrying.


From the total sales of industrial production, MNT 730.2 billion (59.8%) were export, of which the export of mining and quarrying was MNT 557.0 billion (76.3%) and the export of manufacturing was MNT 173.2 billion (23.7%).


The sales of mining and quarrying production were decreased by MNT 524.4 billion (43.9%). It was mainly influenced by a decrease of MNT 245.6 billion (51.7%) in sales of coal mining, MNT25.2 billion (35.2%) in sales of extraction of crude oil, MNT 253.0 billion (40.0%) in sales of mining of metal ores and MNT 542.6 million (3.7%) in sales of other mining and quarrying from the same period of the previous year.


From the sales of mining and quarrying production, MNT 557.0 billion (83.2%) were export, of which 53.9% was the mining of metal ores, 35.8% was the mining of coal and lignite, 8.3% was the extraction of crude petroleum, 2.0% was other mining and quarrying.

Source: National Statistics Office