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Coal Export of Mongolia Expected to Surpass 80 Million Tons www.montsame.mn
According to the Mongolian Customs General Administration, over the first 11 months of 2024, Mongolia earned USD 8.181.5 million from coal exports, which is an increase of USD 250 million compared to the same period of the previous year.
The amount of coal exported since the beginning of the year has reached 78,519.7 thousand tons, a 21.1 percent increase compared to the same period last year.
As Mongolia set a target to export 78 million tons of coal in 2024, the performance has already exceeded the plan for this year, and the export is expected to surpass 80 million tons for the first time. For 2025, coal export is planned to be increased to 83 million tons.
According to the socio-economic report for November 2024 presented by the National Statistics Committee, the country's sales in the foreign market for the first 11 months of 2024 amounted to MNT 34.1 trillion, of which 33 trillion were from the mining sector. The composition of foreign sales of mining products was as follows:
· 60.4 percent from coal extraction,
· 35.3 percent from metal ore extraction,
· 3.1 percent from oil extraction,
· 1.2 percent from other mineral extraction.
The industrial production index was 256.8 in November 2024, down 44.6 percent from the same period last year.
The sales of mining and extractive industries increased by over MNT 3.8 trillion (11.4 percent) from the same period last year, mainly due to an increase in sales of coal by MNT 1.9 trillion (9.9 percent), metal ore by MNT 1.9 trillion (15.8 percent), and other minerals by MNT 82.6 billion (19.7 percent).
Published Date:2024-12-26
