Улаанбаатар
Industrial Output of Mongolia Reaches MNT 5.1 Trillion
Economy
Ulaanbaatar, March 19, 2025 /MONTSAME/. According to preliminary results for the first two months of 2025, the total production of the industrial sector reached MNT 5.1 trillion, marking an increase of MNT 747.1 billion compared to the same period in 2024. This growth was mainly driven by the mining and extractive sector, which contributed MNT 492.9 billion, and the manufacturing sector, which accounted for MNT 129.5 billion.
The total production output of the mining and extractive sector reached MNT 3.5 trillion, an increase of MNT 492.9 billion from the same period in 2024. This growth was largely attributed to the extraction of metal ores, which rose by MNT 280.4 billion, and lignite mining, which increased by MNT 204.1 billion. The production volume of iron ore, lignite, zinc concentrate, copper concentrate (in metal content), fluorspar, and fluorspar concentrate increased by 4.1-92.3 percent compared to the same period in 2024. However, the production volume of iron ore concentrate, unrefined gold, processed coal, hard coal, crude oil, and silver concentrate declined by 0.1-13.6 percent.
In the manufacturing sector, the physical production volume of key products such as bottled water, soft drinks, juice, cashmere knitwear, combed cashmere, compressed coal briquettes, regular pastries, liquid milk, and cigarettes increased by 2.8-87.3 percent.
The industrial sector’s sales amounted to MNT 7.1 trillion, a decrease of MNT 971.8 billion compared to the same period in 2024. This was due to the decrease of MNT 1.3 trillion in the mining and extractive sector’s sales.
The total sales of products in the industrial sector amounted to MNT 7.1 trillion, representing a decrease of MNT 971.8 billion compared to the same period in 2024. This decline was mainly due to a MNT 1.3 trillion drop in sales within the mining and extractive sector.
The total sales of the mining and extractive sector fell by MNT 1.3 trillion from the previous year, primarily due to MNT 1.7 trillion decrease in coal sales and MNT 26.8 billion decline in crude oil sales.
As of the first two months of 2025, export sales amounted to MNT 4.8 trillion, with the mining and extractive sector accounting for MNT 4.7 trillion. The composition of mining exports was as follows:
Coal- 42.4 percent,
Metal ores- 52.7 percent,
Crude oil- 3.4 percent,
Other mineral extractions- 1.5 percent.
