Mongolia – Mongolian exports to increase around the world

Amid the world’s concern with the pandemic, and the commercial markets crisis resulted from Covid, local traders in the Mongolian capital, Ulaanbaatar, were able to find alternatives to imported materials and improve their country’s economy, where mineral products accounted for 84.1% of the country’s exports, and the 15.9% were distributed to other goods such as wool, cashmere fabrics, etc. The total foreign trade revenues amounted to 10.1 billion US dollars, with an increase of 27.3% compared to the same period last year, as the value of exports exceeded imports by 1.1 billion dollars, which achieved the required trade balance.