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Industrial output of Mongolia grows by 23.3% in 5 months
Central Asia | business | 10:53, 13 June 2018 | 557

AKIPRESS.COM - Gross industrial output of Mongolia in the first 5 months of 2018 was MNT 6.0 trillion growing by 1.1 trillion tugrik (23.3%) year-on-year, Mongolian statistics office data showed Wednesday.

Industrial output growth was achieved by the increase in mining by MNT 827.1 billion (23.7%), including coal production of MNT 511.2 billion (48.0%) and mining of metal ores by MNT 252.0 (12.6%) billion.

Compared to the same period of last year, the most increase in the main production of the mining and quarrying sector in the first 5 months of 2018 goes to gold, copper concentrate, zincum concentrate, iron ore and crushed stone by 2.5% to 39.0%. In the manufacturing sector, major growth was observed in beer, fodder, combed down, vacuum windows and doors, sawn wood, alcoholic beverage, knitted goods, sausage products, buuz and dumpling by 6.5-27.8%, respectively.

The most decrease of production in the mining and quarrying sector observed for fluor spar, coal, crude oil and molybdenum concentrate by 1.8-9.4% and copper, horse meat production and wooden building door and windows of the manufacturing sector by 3.4-95.5%, respectively. In the first 5 months of 2018, the sold production of industry reached MNT 6.9 trillion and MNT 4.9 trillion (72.0%) of sold production that were exported.

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