Mongolian Foreign Trade Review 1Q2015

In the first quarter of 2015, the total cumulative trade turnover declined by 10.3% (USD 203.4 million) from the same period of last year and amounted to USD 1,779.5 million. The decline in the trade turnover was due to the decrease in imports by USD 294.2 million. The structure of the trade sums with the neighboring trade partners is as following: (i) trade with PRC: 62.0% or USD 1,103.1 million and (ii) trade with Russia: 13.3% or USD 236.1 million. The trade volume between Mongolia and China increased by 5.7% while the trade volume between Mongolia and Russia decreased by 2.5%.

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