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Import of heavy trucks to Mongolia increases www.news.mn
Mongolia is a country that imports a significant number of vehicles every year. As coal exports continue to increase, so too does the demand for heavy trucks; in the first four months of this year, the country imported 5,582 vehicles. This figure is 2.2 times higher than in the same period of 2017. The cost of the trucks import is USD 84.4 million - this being 2.8 times up on the previous year. This clearly is indicative of the robust growth mainly to mining activities and economic expansion. Mongolia hosts 10% of the world's known coal reserves.
About 63 percent of the trucks were imported from China, 10.7 percent from Japan, and 7 percent from South Korea. The mining industry accounts for about a quarter of Mongolia's GDP and more than 90 percent of its exports.
Published Date:2018-05-28
