Life in Rural Kyrgyzstan
Mongolia|economy|July 18, 2019 / 02:22 PM
Mongolia's foreign trade turnover grows by 7.8% in H1 2019
Photo: ABC

AKIPRESS.COM - Mongolia's foreign trade turnover grew by 7.8 percent in the first half of 2019, reaching 6.8 billion U.S. dollars, according to the National Statistics Office showed on Thursday, Xinhua reported.

Exports rose 10 percent to 3.9 billion dollars, while imports increased 4.9 percent to 2.9 billion dollars, according to the official statistics.

Most of the export growth came from mineral products, textiles and textile articles, natural or cultured stones, precious metal and jewelry, which accounted for 95.8 percent of the total exports.

In the first six months, the landlocked Asian country has traded with a total of 137 economies, the statement said.

Currently, Mongolia's economy is largely dependent on the mining industry, as it makes up 25 percent of the national GDP and 90 percent of its total exports.

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