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Gross Industrial Output Increases by 2.2 Times More from the Previous Year www.montsame.mn
According to the National Statistics Office of Mongolia, by the preliminary results of January, the gross industrial output reached MNT 2.7 trillion, which increased by MNT 1.4 trillion (2.2 times more) from the previous year.
This increase was mainly due to the mining and quarrying production output increase by MNT 1.3 trillion (2.8 times more) and the manufacturing production output by 62.3 billion (19.0%), respectively. The mining and quarrying gross output reached MNT 2.0 trillion, which increased by MNT 1.3 trillion (2.8 times more) from the previous year. This increase was mainly due to increases in coal and lignite mining by MNT 1.1 trillion ( 8.9 times more) and mining of metal ores by MNT 117.3 billion (20.4%) from the previous year.
In the manufacturing sector, pure water, soft drink, juice, metal steel, wheat flour, and meat increased by 0.7 percent to 2.4 times more than the previous year. In the manufacturing sector, production of cigarettes, milk, alcoholic beverage, copper cathode (99%), spirit, lime, cashmere products, coal briquette, combed cashmere, face covering, and sanitizer decreased by 0.1-96.5 percent compared to the previous year.
The sales of industrial products reached MNT 3.3 trillion, which increased by MNT 1.8 trillion (2.2 times more) compared to the previous year. This increase mainly resulted from sales of mining and quarrying products growing by MNT 1.7 trillion (2.8 times more) and sales of electricity, gas, steam, and air conditioning supply products by MNT 49 billion (32.3%).
The sales of mining and quarrying products increased by MNT 1.7 trillion (2.8 times more) compared to the previous year. This increase mainly resulted from MNT 1.4 trillion (10.2 times more) increase in sales of mining of coal and lignite.
According to the preliminary results of January, the total sales of industrial products, MNT 2.5 trillion was exported, of which 2.4 trillion was exported of mining and quarrying products. The mining and quarrying products structure shows that 57.9 percent was coal and lignite, 37.1 percent was metal ores, 4.3 percent was the extraction of crude petroleum, and 0.7 percent was other mining. In January 2023, the seasonally adjusted industrial production index was 237.3 (2015=100), showing an increase of 29.7 percentage points compared to the same period of the previous year.
Published Date:2023-03-10
