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Mining and quarrying gross output decreased by MNT 2.1 trillion www.montsame.mn

Ulaanbaatar/MONTSAME/. According to the preliminary results, the gross industrial output reached MNT 11.1 trillion in the first nine months of 2020, decreased by MNT 2.3 trillion (17.2%) from the same period of the previous year. This decrease was mainly due to MNT 2.1 trillion (21.5%) decrease in the mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 62.4 billion (7.9%) compared to the same period of the previous year.

By preliminary results, the mining and quarrying gross output reached MNT 7.6 trillion, in the first nine months of 2020, decreased by MNT 2.1 trillion (21.5%) from the same period of the previous year. This decrease was mainly due to declines in the mining of coal and lignite by MNT 2.2 trillion (52.8%) and the extraction of crude petroleum by MNT 503.6 billion (66.0%) compared to the same period of the previous year.

In September 2020, the gross industrial output reached MNT 1.7 trillion, increased by MNT 270.1 billion (19.4%) from the previous month. This increase was mainly due to MNT 268.3 billion (28.0%) increase in mining and quarrying output.

As of the preliminary results of the mining and quarrying sector, in the first nine months of 2020, fluorspar, extraction of iron ore, and gold increased by 5.0-35.1 percent compared to the same period of the previous year. In the manufacturing sector, alcohol, pure water, soft drink, juice, production of alcoholic beverage, wheat flour, cement, milk, and coal briquette increased by 0.6-56.9 percent compared to the same period of the previous year. Also, the production of masks increased by 12.5 times more compared to the same period of the previous year.

However, in the mining and quarrying sector, extractions of copper concentrate, brown coal, hard coal and crude oil decreased by 2.5-52.3 percent. In the manufacturing industry, productions of lime, cashmere products, copper cathode 99%, meat, metal steed, combed cashmere, concentrated coal and cigarettes decreased by 6.0-46.8 percent compared to the same period of the previous year.

By the preliminary results of the first nine months of 2020, the sales of industrial output reached MNT 12.7 trillion, decreased by MNT2.9 trillion (18.4%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 2.6 trillion (23.8%) decrease in sales of mining and quarrying and MNT 316.0 billion (8.2%) decrease in sales of manufacturing.

The sales of mining and quarrying output decreased by MNT 2.6 trillion (23.8%) compared to the same period of the previous year. This decrease was mainly resulted MNT 2.1 trillion (52.8%) decrease in sales of coal mining and MNT 477.7 billion (66.3%) decrease in sales of crude petroleum extraction, respectively.

In the total sales of industrial output, MNT 7.1 trillion (56.3%) was export, of which MNT 5.9 trillion (83.0%) was export of mining and quarrying output.

In the total of MNT 5.9 trillion export of mining and quarrying output, 65.5 percent was metal ores, 28.3 percent was of coal and lignite, 4.1 percent was crude petroleum, 2.2 percent was other mining and quarrying output.

In September 2020, the seasonally adjusted industrial production index was 115.8 (2015=100), decreased by 0.7 percent from the same period of the previous year. But it was increased by 5.3 percent from the end of the last year, and by 13.5 percent against the last month.

Source: National Statistics Office

Published Date:2020-10-13

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Mining and quarrying gross output decreased by MNT 2.1 trillion www.montsame.mn

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