Mongolia's foreign trade up 41.6 pct in Jan

16:09 | 20/02/2019 Global Economy

Mongolia's goods trade rose 41.6 percent year on year in January to 1.1 billion U.S. dollars, official data showed Tuesday.

Exports grew 43.3 percent year on year to 607.3 million dollars in January, while imports rose 39.6 percent to 504 million dollars, the Mongolian Customs General Administration (MCGA) said in a statement, noting that the country demonstrated a surplus in its foreign trade balance as exports exceeded imports by 103.3 million dollars.

The market value of 12 products, including mineral products and textile goods, has increased, contributing to the significant increase in revenue from exports, the MCGA said, adding that the mining industry accounted for 69 percent of total exports.

Mongolia traded with 105 economies across the world last month. Among the 43 countries to which Mongolia exported its goods and services in the period, China was the recipient of over 80 percent of the total, according to the MCGA.

Theo Xinhua