Foreign trade turnover increases by USD 514.5 millionEconomy
Ulaanbaatar /MONTSAME/ In the first 5 months of 2019, Mongolia traded with 135 countries from all over the world and total trade turnover reached USD 5.6 billion, of which USD 3.3 billion were exports and USD 2.3 billion were imports. In May 2019, exports and imports reached to USD 751.4 million and USD 548.8 million, respectively.
In the first 5 months of 2019, total foreign trade turnover increased by USD 514.5 (10.2 percent) million, of which exports increased by USD 378.2 million (13.1 percent) and imports increased by USD 136.3 million (6.3 percent) compared to the same period of the previous year.
The USD 378.2 million increase in exports from same period of previous year was due to the increases of USD 168.0 million in bituminous coal and USD 51.4 million in gold, unwrought or in semi-manufactured forms exports.
The USD 136.3 million increase in imports from same period of previous year was mainly due to USD 36.8 million increase in mineral products imports, especially, USD 46.1 million increase in diesel imports and USD 100.6 million increase in transport vehicles, their spare parts.
Exports of mineral products, textiles and textile articles, natural or cultured stones, precious metals, jewelry make up to 96.6 percent of total export. On the other hand, 68.9 percent of imports are mineral products, machinery, equipment, electric appliances, transport vehicle and its spare parts and food products.
source: National Statistics Office