Sales of industrial production decreased by 35 percent
Economy
Ulaanbaatar/MONTSAME/. According to the preliminary results,
the gross industrial output reached MNT 3.1 trillion, in the first quarter of
2020, showing a decrease of MNT 778.3 billion (19.9%) from the same period of the
previous year. This decrease was mainly due to the decrease in mining and
quarrying gross output by MNT 859.1 billion (29.8%), while manufacturing output
increased by MNT 23.2 billion (3.3%), electricity, thermal energy and water
supply output by MNT 57.6 billion (17.2%), respectively.
In the first quarter of 2020, the mining and quarrying gross
output was decreased by MNT 859.1 billion (29.8%) from the same period of the
previous year. This decrease was mainly due to decreases in the mining of coal
and lignite by MNT 600.7 billion (46.0%), extraction of crude petroleum by MNT
167.6 billion (70.4%) and mining of metal ores by MNT 91.8 billion (7.0%),
respectively.
Out of the mining and quarrying gross output, 60.4 percent
was comprised from the mining of metal ores, 34.9 percent was from the mining
of coal and lignite, 3.5 percent was from the extraction of crude petroleum and
1.2 percent was from other mining and quarrying in the first quarter of 2020.
By the preliminary results of the first quarter of 2020, in
the mining and quarrying sector, the extraction of gold was increased by 84.4
percent compared to the same period of the previous year. In the manufacturing
sector, concentrated coal, lime, milk, wheat flour, productions of pure water,
soft drink, juice were increased by 4.9 percent to 53.1 percent compared to the
same period of the previous year. By the preliminary results of the first
quarter of 2020, the production of coal briquette was increased by 5.6 times
more compared to the same period of the previous year.
Moreover, in the mining and quarrying sector, extraction of
flour spar, brown coal, copper concentrate, iron ore, hard coal and crude oil
was decreased by 2.0 percent to 72.4 percent. In the manufacturing sector, alcoholic
beverage, productions of metal foundries, combed cashmere, copper cathode,
cashmere products, metal steel, meat, cement are decreased by 3.5 percent to
71.8 percent compared to the same period of the previous year.
By the preliminary results of the first quarter of 2020, the
sales of industrial production reached MNT 3.0 trillion, decreased by MNT 1.6
trillion (35.0%) from the same period of the previous year. This decrease was
mainly resulted from the decrease of MNT 1.6 trillion (48.1%) in sales of
mining and quarrying and MNT 96.0 billion (9.5%) in sales of manufacturing,
while the sales of electricity, thermal energy and water supply were increased
by MNT 58.4 billion (17.4%).
For the total sales of industrial production, MNT 1.6
trillion (54.2%) were from export, of which the export of mining and quarrying
was MNT 1.4 trillion (83.7%) and the export of manufacturing was MNT 267.2 billion
(16.3%).
For the sales of mining and quarrying production, MNT 1.4
trillion (83.7%) was comprised from the export, of which 67.9 percent was from the
mining of metal ores, 25.9 percent was from the mining of coal and lignite, 3.6
percent was the extraction of crude petroleum, 2.6 percent was other from
mining and quarrying. 2.6 percent was other from mining and quarrying.
Source: National
Statistics Office