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Export increased by 29.3 percent compared to the previous months www.montsame.mn
In January 2022, Mongolia traded with 117 countries from all over the world, and the total trade turnover reached USD 1.1 billion, of which USD 539.6 million were exports and USD 556.5 million were imports. The total foreign trade turnover decreased by USD 2.5 million (0.2 percent), where exports decreased by USD 100.2 million (15.7 percent) and imports increased by USD 97.7 million (21.3 percent) compared to the same period of the previous year. In January 2021, exports increased by USD 122.3 million (29.3 percent) and while imports decreased by USD 104.2 million (15.8 percent) compared to the previous month.
The foreign trade balance was in surplus of USD 181.0 million in January 2021 and while it was in deficit of 16.9 million in January 2022, decreased by USD 197.9 million compared to the same period of the previous year. In January 2022, trade balance deficit decreased by USD 226.5 million from previous month. Trade with China reached USD 520.4 million in January 2022, which is accounting 47.5 percent of the total trade turnover.
Bituminous coal and copper concentrates accounted for 36.6 percent and 48.1 percent of total exports to China, respectively, gold accounted for 99.8 percent of total export to Switzerland. In January 2022, USD 100.2 million decrease in exports from the same period of the previous year was resulted from USD 18.6 million decrease in copper concentrates and USD 77.9 million decrease in coal exports.
Exports border price of coal has been decreased in the last two consecutive months and crude petroleum was not been exported.
In January 2022, USD 122.3 million increase in exports from the previous month was mainly due to USD 111.2 million increase in copper concentrates exports.
In January 2022, 33.9 percent of the total imports were from Russia, 27.9 percent -- from China, 9.3 percent -- from Japan, 4.7 percent -- from the Republic of Korea, 3.0 percent -- from USA and 2.6 percent -- from Germany, which are accounting for 81.3 percent of the total imports.
In January 2022, 58.0 percent of the total imports from Russia were petroleum products, 75.2 percent of the total imports from Japan were cars, and 7.4 percent of the total imports from China -- electricity, 2.9 percent -- trucks and 89.7 percent -- imports of other products. The USD 97.7 million increase in imports from the same period of the previous year was mainly due to USD 15.0 million increase in diesel, USD 15.1 million increase in petrol, USD 12.2 million increase in cars.
Exports of mineral products, natural or cultured stones, precious metal, jewelry and textile articles products made up 98.4 percent of the total export. On the other hand, 65.0 percent of the total imports was mineral products, machinery, equipment and electric appliances, transport vehicle and its spare parts and food products.
National Statistics Office
Published Date:2022-02-21
