Trade turnover reaches USD 5.6 billion as of May www.zgm.mn
Mongolia traded with 135 countries and the total trade turnover reached USD 5.6 billion, of which USD 3.3 billion were exports and USD 2.3 billion were imports. In May 2019, exports and imports reached USD 751.4 million and USD 548.8 million, respectively. Compared to the previous month, exports and imports increased by USD 11.1 million and USD 68.3 million, respectively.
Exports of mineral products, textiles, and textile articles, natural or cultured stones, precious metals jewelry make up to 96.6 percent of total exports. On the other hand, 68.9 percent of imports are mineral products, machinery, equipment, electric appliances, transport vehicle, and its spare parts and food products.
In May 2019, consumer price index increased by 7.9 percent from the same period of previous year, which was mainly contributed by increases in prices of food and non-alcoholic beverages group by 11.3 percent, alcoholic beverages and tobacco group by 4 percent, transport by 5.2 percent, housing, water, electricity and fuels group by 9 percent (electricity, gas and other fuels by 10.6 percent), and health by 9.5 percent.
At the end of May 2019, the amount of outstanding loan to entities, enterprises, and citizens amounted to MNT 18 trillion, increased by MNT 314.1 billion from the previous month and by MNT 3 trillion from the same period of the previous year.
In the first five months of 2019, 342.8 million units of securities worth MNT 86.5 billion were traded at the stock market, which is an increase of by MNT 21 billion or 32 percent compared to the same period of last year. The number of traded securities decreased by 7 million units.
Trades of government bonds in secondary markets amounted to MNT 26.1 billion in the first five months of 2019, which is lower by 482.5 million compared to the same period of 2018. In April 2019, MNT 1 billion worth of government bond was traded at the secondary market, while MNT 2.1 billion worth of government bond was traded at the secondary market in May 2019.
In the first five months of 2019, total equilibrated revenue and grants of the General Government Budget amounted to MNT 4 trillion and total expenditure and net lending amounted to MNT 3.8 trillion, resulting in a surplus of MNT 146.1 billion in the equilibrated balance.
General Government budget revenue was comprised of 81.5 percent of tax revenue, 8.3 percent of non-tax revenue, 9.6 percent of the future heritage fund and 0.6 percent of the stabilization fund. General Government Budget expenditure and net lending were comprised of 84.2 percent of current expenditure, 13.8 percent of capital expenditure and 2.1 percent of net lending.
In the reporting period of 2019, current and capital account balance deficit by preliminary result reached to USD 396.6 million, increased by USD 6 million compared to the same period of last year.
The Bank of Mongolia (BoM) has also reported that investment in mining declined from the previous year in the first quarter of 2019. It was dropped 16 percent to USD 443 million.