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Mongolia's foreign trade turnover up 23.6 %
Central Asia | business | 14:57, 10 September 2018 | 963

AKIPRESS.COM - Mongolia's foreign trade turnover reached 8.47 billion U.S. dollars in the first eight months of 2018, up 23.6 percent year on year, customs data showed Monday, Xinhua reports.

Exports rose 13.9 percent year on year in the January-August period to 4.67 billion dollars, while imports grew 38.0 percent to 3.8 billion dollars, resulting in a trade surplus of 870 million dollars, according to the Mongolian Customs General Administration (MCGA).

The market value of 11 locally manufactured products has increased, contributing to the increase in revenue from exports, the data said.

In the first eight months, the landlocked Asian country has traded with a total of 150 countries. Among the 147 countries to which Mongolia exported its goods and services in the period, China was the recipient of over 85 percent of the total, the data showed.

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