Foreign trade turnover increased 25 percent
A result of foreign trade for the first 3 months 2018 has been based on 87946 export, and 43548 import customs declarations and other non customs resources of information. 1540 export and 724 import declarations belong to the goods crossed through seasonal ports.
A result of total turnover of foreign trade for the first 3 months 2018 amounted 2612.9 mln.USD which increased in 536.7 mln.USD or 25.9 percent against the same period of the last year. Export exceeded import in 351.9 mln.USD and foreign trade balance became positive.
The volume of export is 1482.4 mln.USD which means increase by 14.0 percent if compared with the same period of the last year.
99 percent of exported goods comes to transactions paid in hard currency.
In total export minerals amounted 1252.5 mln.USD or 84.5%; natutal or cultured pearls, precious or semi-precious stones amounted 124.5 mln.USD or 8.4%; export of raw hides and skins, leather, furskins and articles thereof equaled to 6.3 mln.USD or 0.4%, textiles and textile articles 26.7 mln.USD or 1.8% and in total 93.1% of export came to these goods.
Сrude oil, iron ores and concentrates, copper concentrate and zinc ores and concentrates were exported to China (100.0%), coal were exported to China (96.6%). Flouspar concentrates were exported to China (49.7%), the Russian Federation (50.3%); leather of bovine or equine animals were exported to China; (76.8%) of combed cashmere to China; most of exported raw hides and skins, washed cashmere comes to China, and gold were exported to United Kingdom (100.0%) and 91.3 percent of total export belong to these goods.
Mongolia has exported goods to 48 foreign countries including China (86.7%), United Kingdom (8.9%), the Russian Federation (1.2%) and 96.8% of whole export comes to these countries.
Goods and raw materials with value of 1130.5 mln.USD were imported and the volume of total import increased by 354.5 mln.USD or 45.6% in comparison with the same period of 2017.
Imported goods consist of transactions paid in hard currency (94.1%), goods supplied by foreign loan (0.9%), goods imported as foreign aid (0.4%), goods imported as foreign investment (3.8%), processed goods (0.7%).
In total import machinery, mechanic equipment and parts thereof, electric appliances, parts thereof amounted with value of 251.3 mln.USD (22.2%), minerals-278.8 mln.USD (24.7%) and among them oil products were 231.0 mln.USD (82.8%), products of animal or vegetable origin and foodstuff 155.0 mln.USD (13.7%), vehicles and aircraft, parts thereof-154.6 mln.USD (13.7%), plastics and rubber and articles thereof 41.7 mln.USD (3.7%), base metals and products thereof – 87.9 mln.USD (7.8%), chemical products – 69.5 mln.USD (6.2%) and 92.0% of the total import comes to these goods and products.
Goods with value of 4972.0 thous.USD have been imported as foreign aid from international financial and economic organizations and donor-countries. If we take into consideration the countries of origin Switzerland (41.3%), China (10.8%), Republic of Korea (16.8%), Japan (8.8%).
The goods, donated from donor countries, came from the Switzerland (32.9%), China (9.0%), Japan (14.1%), Republic of Korea (12.8%) and the USA (11.1%).
Goods worth 9870.8 thous.USD were imported as foreign loan by the international financial and economic organizations and donor-countries and these goods were originating from different countries such as Japan (42.8%), China (42.0%). (Appendix 10).
Total loan goods were imported as government loans. If we take into consideration the lenders, loan lent from Japan (54.2%) and from China (37.3%).
In total goods with value of 42.5 mln.USD were imported to the charter fund of joint ventures and companies with foreign investment and these goods were originating from different countries such as China (54.9%) and the Russian Federation (42.6%) (Appendix 12).
Mongolia has imported goods originating from 112 different countries including the Russian Federation (32.0%), China (31.6%), the USA (3.9%), Japan (8.7%), Republic of Korea (4.1%) and Federal Republic of Germany (2.9%) and goods from these countries are equal to 83.2% of total import. Source: gogo.mn
