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Business / Economy / Mining / Mongolia News / February 27, 2015

Mineral resources make up 89 percent of Mongolia’s exports

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Foreign trade turnover of Mongolia has reached 720 million USD. this figure increased by 61.7 million USD in comparison with the same period of last year.

Imports increased by 89.9 million USD and exports increased by 151.5 million USD, reaching 472.7 million USD. Foreign balance saw a profit of 225.4 percent.

Of Mongolia’s exports, 89 percent was mineral resources. The export of stone coal, steel concentrate, iron ore and concentrate, and unprocessed petroleum made up 86 percent of the total exports in mineral resources and 76 percent of total exports.

SOURCE: News.mn




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