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Mongolia|economy|May 18, 2020 / 01:55 PM
Gross industrial output in Mongolia reached MNT 4.1 trillion in 4 months

AKIPRESS.COM - Gross industrial output in Mongolia reached MNT 4.1 trillion in the first four months of 2020, showing a decrease of MNT 1.3 trillion (24.1%) from the same period of the previous year, Montsame reports.

This decrease was mainly due to the decrease in mining and quarrying gross output by MNT 1.3 trillion (33.0%) and manufacturing output by MNT 65.1 billion (6.5%), respectively.

In April 2020, the gross industrial output reached MNT 925.7 billion, showing a decrease of MNT 55.5 billion (5.7%) from the previous month. This decrease was mainly due to declines in mining and quarrying output by MNT 32.8 billion (5.2%) and manufacturing output by MNT 13.0 billion (5.7%).

By the preliminary results of the first 4 months of 2020, in the mining and quarrying sector, extraction of gold was increased by 2.1 times compared to the same period of the previous year. In the manufacturing sector, wheat flour, milk, productions of pure water, soft drink, juice, and alcohol were increased by 14.5 percent to 32.7 percent compared to the same period of the previous year. By the preliminary results of the first four months of 2020, the production of coal briquette and face-covering was increased by 4.5 to 19.2 times compared to the same period of the previous year.

For the total sales of industrial production, MNT 2.3 trillion (55.8%) were from export, of which the export of mining and quarrying was MNT 2.0 trillion (85.3%). 

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