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Mongolia exports surge 62.3% in first quarter compared to last year www.azertag.az
In the first quarter of this year, Mongolia traded with 143 countries, reaching a total foreign trade turnover of USD 7.4 billion, according to Montsame.
Of this, exports amounted to USD 4.9 billion, while imports stood at USD 2.5 billion, resulting in a trade surplus of USD 2.4 billion, according to the National Statistics Office.
Compared to the same period last year, total trade turnover increased by 32.5% (USD 1.8 billion,) exports rose by 62.3% (USD 1.9 billion), and the trade surplus increased by 5.2 times (USD 1.9 billion). Meanwhile, imports decreased by 2.7% (USD 68.3 million).
The USD 1.8 billion increase in exports during the first quarter was mainly driven by higher shipments of copper ore and concentrates (up USD 1.3 billion), coal (up USD 453.7 million), unrefined and semi-processed gold (up USD 148.8 million), and lead ore and concentrates (up USD 21.5 million).
On the other hand, exports of crude oil fell by USD 16.0 million, fluorspar ore and concentrates by USD 9.4 million, refined copper and alloys by USD 10.4 million, and horse meat by USD 4.6 million.
Published Date:2026-04-13
