Exports decline by 31.5 percentEconomy
Ulaanbaatar /MONTSAME/. Monthly statistical reports released by the National Statistical Office of Mongolia and Mongolian Customs General Administration have been showing the negative effects of the global spread of the Covid-19 pandemic.
Statistics on the customs activities show that exports were declined by 31.5 percent as of March 23 or by MNT 1.4 trillion compared to last year's as a result of measures to tackle the coronavirus spread. Most of the decline are due to falls of mining exports, which usually accounts for 90 percent of the total exports.
As of March 23, exports of zinc ore, brown coal and crude oil were decreased, however, exports of spar and molybdenum each rose by 9 and 2.4 percent respectively and lead concentrate grew by 40 percent compared with the last year’s same period.