TOTAL FOREIGN TRADE TURNOVER INCREASES BY 51 PERCENT

General Customs Administration reported that the total trade turnover of Mongolia reached USD 4.4 billion in the first four months of 2021, which increased by 1.4 billion or 50.6 percent compared with the same period of 2020.

Specifically, exports exceeded imports by USD 535.4 million. Exports of goods and raw materials amounted to USD 2.4 billion, an increase of 81.8 percent compared with the same period of the previous year, and 98.8 percent of the goods exported were in foreign currency.

It was also reported that Mongolia exported goods to 48 countries, of which 92.5 percent went to China, 2.3 percent to South Korea and 2 percent to Singapore, which accounted for 96.9 percent of total exports.

In addition, goods and raw materials worth USD 1.9 billion were imported, an increase of USD 374.9 million or 23.6 percent compared with the same period of the previous year.

Source: https://www.montsame.mn/en/read/263353