Mongolia exported 16,138,000 tons of coal in 2021

AKIPRESS.COM – In Mongolia, the mining sector makes up 24 % of the nation’s GDP, 69 % of the economic sector, 77 % of overseas direct funding and 93 % of exports. Based on final yr, complete income of the state finances was MNT 13,362.3 billion, of which 29.6 % or MNT 4,114.4 billion was generated by the mining sector alone, Montsame reported citing the Ministry of Mining and Heavy Trade.

Earlier than the pandemic, Mongolia used to export over 30 million tons of coal yearly, however final yr it exported 16,138 thousand tons. Regardless of the decline within the quantity of mineral exports, the earnings from export in 2021 was equal to these of earlier years because of excessive commodity costs on the earth market and response to the pandemic. As an example, the nation exported 36,265,000 tons of coal and earned $2,803,000,000 in 2018, exported 36,604,000 tons of coal and earned USD 3.079 million in 2019, 28,677 thousand tons and earned USD 2,127 million in 2020, in addition to exported 16,138,000 tons of coal and earned $2.779 billion in 2021.

In 2021, the value for copper focus rose. In 2017, it exported 1,447 thousand tons of copper focus and ore and earned USD 1,613 million from it, whereas final yr the nation bought 1,283 thousand tons and earned USD 2,900 million.

Eighty-five % of coal exports undergo Gashuunsukhait and Shiveekhuren border crossings, 54 % of copper focus exports — by means of Gashuunsukhait and 46 % — by means of Zamyn-Uud border crossing.