Ulaanbaatar
Mongolia's foreign trade turnover reaches USD 16095.8 million
Economy
Ulaanbaatar/MONTSAME/. According
to the General Customs Administration, total foreign trade turnover has reached USD 16095.8
million, which shows an increase of USD 3220.5 million or 25 percent compared
to the same period of the previous year.
The
export amount has exceeded the import’s by USD 2398.5 million,
showing positive indicator in the foreign trade balance. Exported goods and raw materials amounted to USD 9247.1, 22 percent increase compared to the same period of the previous year.
In
the total export, the export of mineral products made up 81 percent, jewelry
and precious stones—11.1 percent, plant-origin products—1.0 percent, finished food
products—0.5 and textile items 4.0
percent.
In
2021, the country exported crude oil, iron ore, copper and zinc
concentrate to only China, and 92 percent of coal to China. 84.6 percent of unprocessed or semi-processed gold was exported to Switzerland, and 15.4 percent-to the South
Korea.
Last
year, 82.6 percent of the total export was supplied to China, 9.4 percent -- to
Switzerland, 2.8 percent – to Singapore, and 2.4 percent --to the Republic of
Korea, which means the export to these countries accounts 97 percent of the total exports.
