As of April 21, the total export of Mongolia amounted to USD 371.9 million, which decreased by 39.3 percent compared to the same period of the previous year. According to the General Customs Administration (GCA), the fall was mainly due to the 64 percent decline in coal export and 79.7 percent drop in crude oil respectively. In addition, imports fell by 11.2 percent year on year, triggered by the vehicle import, which deteriorated by 28.8 percent during the reporting period. Fuel imports dropped by 16.6 percent; diesel fuel imports reduced by 20.8 percent as well. According to the National Statistics Office (NSO), the revenue of railway transport increased by seven percent from a year ago. This is mainly influenced by the rise in mineral product transportations. However, the tariff is relatively low compared to rail transit transport and imports, revenue has not been reached the target. Particularly, Mongolian Railway SOE decided to grow its transport volume by 25 percent. The company reported that transit transport has been declined. During the period, the company’s 102 container import and transit orders were canceled. As a result, MNT 16 billion in revenue has been cut, slipped by 16-18 percent compared to the same period of the previous year. The import of vehicles and their belongings made up the largest fall. These types of imports dropped by 21.4 percent, to USD 190.5 million. CGA highlighted that the fall is mainly due to the delay in rail traffic from Tianjin, China.

Published Date:2020-04-22