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Mineral products export makes up 69 percent of total export www.montsame.mn
Ulaanbaatar /MONTSAME/ Mineral products' export made up 69 percent of the total export in the first 11 months of this year. However, export of minerals went down by 20 percent, reaching USD 4.7 billion compared to the same period of previous year, the Customs General Administration reports.
Stone coal export made up 29 percent of the total export and copper concentrate 22 percent. In the first 11 months of this year, Mongolia exported about 27 million tons of stone coal valued at over USD 2 billion. Coal export ran normal in September and October, but local transmission cases of COVID-19 recorded in the country has lead to sharp decline in the coal export since the middle of November as the Chinese side has tightened its border control.
Corresponding officials are working to set up disinfection and protection zones in Gashuunsukhait and Shiveekhuren border crossing ports alongside involving coal truck drivers in the coronavirus testing.
Regarding the copper concentrate, a total of 1.25 million tons was exported, earning USD 1.5 billion in the first 11 months of the year. Export of copper concentrate is running relatively normal. Since the beginning of December, copper price at London Metal Exchange reached its highest point in the last seven years.
For other mineral products, oil export has declined drastically. The exported oil worth of USD 128.2 million shows 2.6 times decline from the previous year.
While export of zinc dropped by 13 percent, earning USD 152.3 million. Furthermore, fluoride export decreased by 25 percent while export of iron ore went up by 13 percent, the Customs General Administration reports.
Published Date:2020-12-09
