Coal Exports Surpass 80 Million Tons for the First Time

Ulaanbaatar, January 7, 2025 /MONTSAME/. Mongolian Customs General Administration has released preliminary data on Mongolia’s mineral exports for 2024.

According to the Customs General Administration, coal export revenue in 2024 amounted to USD 8.6 billion. The total volume of exported coal reached 83.7 million tons, marking the first time in history that coal exports have exceeded 80 million tons. Last year, Mongolia exported 83.7 million tons of bituminous and lignite coal, earning USD 8.6 billion. At the same time, the volume increased by over 20 percent compared to the previous year.

In 2024, Mongolia had planned to export 78 million tons of coal at an average price of USD 115 per ton. Although the volume target was exceeded, the average export price was approximately USD 103 per ton.

The total export value of the six key mineral products reached USD 13.2 billion, a 5 percent increase compared to 2023.