Ulaanbaatar
Exports decreased by 0.6 percent compared to previous year
Economy
Ulaanbaatar/MONTSAME/. In 2020, Mongolia traded with 146 countries from all
over the world and the total trade turnover reached USD 12.9 billion, of which
USD 7.6 billion were exports and USD 5.3 billion were imports.
Total foreign trade turnover decreased by USD 876.9 million (6.4%), of which
exports decreased by USD 43.3 million (0.6%) and imports decreased by USD 833.6
million (13.6%) from the previous year.
In December 2020, exports and imports reached to USD 721.2 million and USD
407.3 million, respectively. Compared to the previous month, exports decreased
by USD 147.8 million (17.0%) and imports decreased by USD 42.3 million (9.4%).
The foreign trade balance was in surplus of USD 2.3 billion in 2020, while it
was in surplus of USD 1.5 billion in 2019, increased by USD 790.3 million from
the previous year.
The USD 43.3 million decrease in exports from the previous year was resulted
from the decreases in exports of USD 17.9 million in copper concentrates and
USD 952.2 million in coal.
Source: National
Statistics Office of Mongolia
