Mongolia's foreign trade turnover reaches USD 16095.8 million

2022-01-07 15:23:11

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 stones11.1 percent, plant-origin products1.0 percent, finished food products0.5 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.

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