Specifically: 

• The production of bituminous coal and lignite increased by MNT 834.7 billion,

• The production of metal ore increased by MNT 509.1 trillion, or 4.9 percent. 

In the mining and extractive sector, the physical production volumes of copper concentrate (in metal content), concentrated coal, bituminous coal, iron ore, lignite, zinc concentrate, fluorspar, and iron ore concentrate, increased by 12.0-50.6 percent compared to the same period in 2023. Moreover, the physical production volumes of silver concentrate, oil, unrefined gold, and fluorspar concentrate decreased by 5-32.5 percent. 

In the manufacturing sector, the physical production volumes of key products, such as lime, coal briquettes, liquid milk, water, soft drinks, livestock meat, cement, and vodka increased by 0.6-15.1 percent. However, the production volumes of products such as absolute alcohol, metal billets, flour, cigarettes, combed cashmere, cathode copper, and cashmere knitwear decreased by 4.2-46.3 percent. 

The total industrial output in 2024 reached MNT 32.2 trillion according to preliminary estimates, an increase of MNT 1.5 trillion compared to the same period in 2023. This growth was driven by: 

• An increase of MNT 1.2 trillion in the mining and extractive sector, 

• An increase of MNT 191.2 billion in the electricity, gas, steam, and air conditioning supply sector. 

Industrial Sector Production and Sales, by sector, at the end of each year, in MNT billion

According to the preliminary results, the total sales of products in the industrial sector amounted to MNT 50.4 trillion in 2024, which increased by MNT 3.1 trillion compared to the same period in 2023. Particularly: 

• Mining and extractive sector sales increased by MNT 2.7 trillion,

• Sales in the electricity, gas, steam, and air conditioning supply sectors increased by MNT 185.5 billion. 

Sales in the mining and extractive sector in 2024 exceeded the previous year by MNT 2.7 trillion, mainly due to:

• An increase of MNT 1.8 trillion in the metal ore extraction sales,

• An increase of MNT 996.5 billion in the coal extraction sales, 

• An increase of MNT 78.6 billion in other mineral extraction sales.  

According to the preliminary results, Mongolia sold products equivalent to MNT 36.2 trillion to the foreign market, of which MNT 34.9 trillion came from the mining and extractive sector. The composition of foreign sales of the mining products was as follows: 

• 60.0 percent from coal extraction,

• 35.6 percent from metal ore extraction,

• 3.1 percent from oil extraction, 

• 1.3 percent from other mineral extraction. 

Total industrial output consists of the total products manufactured by enterprises and organizations for market sale and/or internal final consumption during the reporting period. 

Sales of Industrial Products refers to the volume of goods sold or services rendered by enterprises and organizations during the reporting period, according to the National Statistics Office of Mongolia.