Foreign trade volume increased by 14.7 in January

The American Chamber of Commerce in Mongolia

2018-02-12 15:30 GMT+8

As of January 2018, foreign trade volume increased by 14.7 percent compared to January 2017, and reached 785 million USD.

The balance of foreign trade saw a positive outcome, with exports exceeding imports by 62.7 million USD.

Mineral products made up 83 percent of the 423.8 million USD in exports, with 6.4 percent including precious stones and metals. China received 88.5 percent of Mongolia's export products, while Russia received 1.2 percent.

Import volume increased by 30 percent over 2017, reaching 360 million USD. With the Lunar New Year approaching, imports of food and plastic items tend to increase.

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