Mining and quarrying gross output decreased by MNT 1.8 trillion

Economy
unurzul@montsame.gov.mn
2020-11-17 12:16:14

Ulaanbaatar/MONTSAME/. According to the preliminary results, the gross industrial output reached MNT 13.1 trillion in the first ten months of 2020, decreased by MNT 1.9 trillion (12.5%) from the same period of the previous year. This decrease was mainly due to MNT 1.8 trillion (16.3%) decrease in mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 67.8 billion (7.7%) compared to the same period of the previous year.


By preliminary results, the mining and quarrying gross output reached MNT 9.1 trillion in the first ten months of 2020, decreased by MNT 1.8 trillion (16.3%) from the same period of the previous year. This decrease was mainly due to the reductions in coal mining and lignite by MNT 2.0 trillion (44.5%), and extraction of crude petroleum by MNT 533.8 billion (62.8%) compared to the same period of the previous year.


In October 2020, the gross industrial output reached MNT 1.9 trillion, increased by MNT 235.9 billion (14.3%) from the previous month. This increase was mainly due to MNT 180.8 billion (14.8%) increase in mining and quarrying output.


By the preliminary results of the mining and quarrying sector, in the first ten months of 2020, extraction of iron ore and gold increased by 4.7-31.3% compared to the same period of the previous year. In the manufacturing sector, the production of bottled water, soft drink, juice, alcoholic beverage, alcohol, wheat flour, cement, milk, and coal briquette grew by 2.4-90.7% compared to the same period of the previous year. Also, the face mask production rose by 11.8 times more compared to the same period of the previous year.


However, in the mining and quarrying sector, extractions of brown coal, fluor spar, copper concentrate, hard coal, and crude oil decreased by 4.5-47.4%. In the manufacturing industry, productions of lime, meat, combed cashmere, copper cathode, cashmere products, concentrated coal metal steed and cigarettes decreased by 3.7-50.4% compared to the same period of the previous year.


By the preliminary results of the first ten months of 2020, the sales of industrial output reached MNT 15.3 trillion, decreased by MNT 1.9 trillion (11.2%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 1.7 trillion (14.4%) decrease in sales of mining and quarrying output and MNT 316.4 billion (7.2%) decrease in sales of manufacturing output.


The sales of mining and quarrying output decreased by MNT 1.7 trillion (14.4%) compared to the same period of the previous year. This decrease was mainly resulted MNT 1.8 trillion (41.8%) decrease in sales of coal mining output and MNT 508.9 billion (63.0%) decrease in sales of crude petroleum output, respectively.


In the total sales of industrial output, MNT 8.7 trillion (56.8%) was export, of which MNT 7.3 trillion (83.8%) was export of mining and quarrying output. Of the total MNT 7.3 trillion export of mining and quarrying output, 62.0% was metal ores, 32.0% was coal and lignite, 4.1% was crude petroleum, and 1.9% was other mining quarrying output.

 

Source: National Statistics Office 

Related news