EXPORTS DECREASED BY 38.5 PERCENT

In the first five months of 2020, Mongolia traded with 131 countries, and the country’s total foreign trade turnover reached USD 4.0 billion, of which USD 2.0 billion were exports and USD 2.0 billion were imports.

 

The total foreign trade turnover went down by USD 1.6 billion (28.3%), of which exports decreased by USD 1.3 billion (38.5%) and imports decreased by USD 322.6 million (13.9%) compared to the same period of the previous year.

 

In May 2020, exports and imports reached USD 632.7 million and USD 406.1 million respectively. Compared to the previous month, exports increased by USD 294.9 million while imports dropped by USD 18.7 million.

 

The foreign trade balance, which was in surplus of USD 948.3 million in the first five months of 2019, decreased by USD 934.5 million, showing a surplus of USD 13.9 million in the first five months of 2020.

 

 

 

 

Source:https://montsame.mn/en/read/227923