NSO reports on socio-economic conditions in January and February 2018

The American Chamber of Commerce in Mongolia

2018-03-14 14:29 GMT+8

According to a report from the National Statistics Office (NSO) on socio-economic data for the first two months of 2018, the total balanced income of the state budget and foreign aid was 1.2 trillion MNT; expenditure and debt were a combined 1.1 trillion MNT; and the state's balance of payments saw a surplus of 73.1 billion MNT.

Commodity turnover increased by 248.1 million USD. Mongolia had commercial relationships with 109 countries in the first two months of the year, and foreign trade turnover reached 1.6 billion USD, with exports at 838.4 million USD and imports at 726 million USD.

Exports increased by 13.1 million USD compared to the same period in 2017, impacted by the increased export of 41.4 million USD in unprocessed and half-processed gold. The cost of consumer goods and services increased by 6.9 percent compared to the same period in the previous year.

Production in the industrial sector increased by 14.2 percent to reach 2 trillion MNT. Production in mining and exploration reached 163.2 billion MNT, an increase of 12.5 percent. This was affected by increased coal extraction, which reached 82.1 billion MNT, and increased metal ore extraction, which reached 361.3 billion MNT.

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