News Headlines

Foreign trade turnover reaches USD 6.3 billion

2018-07-18 14:33:26
Ulaanbaatar /MONTSAME/ In the first half of 2018, Mongolia traded with 140 countries from all over the world and total trade turnover reached USD 6.3 billion, of which USD 3.6 billion were made up by exports and USD 2.7 billion by imports.

Total foreign trade turnover increased by USD 1.3 (26.0%) billion, of which exports by USD 475.6 (15.3%) million and imports by USD 834.6 (43.4%) million compared to the same period of the previous year. In the first half of 2018, foreign trade surplus reached USD 822.2 million, which decreased by USD 359.0 (30.4%) million from USD 1.2 billion in the same period of 2017.

The increase of USD 475.6 million in exports was due to an increase of USD 472.1 million in mineral products exports, and an increase of USD 34.1 million in Textile articles exports.

The increase of USD 834.6 million in imports was mainly due to USD 152.9 million increase in Mineral products imports, especially USD 59.4 million increase in Diesel imports, USD 176.8 million in Machinery, equipment and electric appliances, USD 189.5 million in Transport vehicles and their spare parts and     USD 127.8 million in Base metals and articles thereof.
Source: National Statistics Office