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Mongolia's foreign trade up 15 pct in 2023

ULAN BATOR
2024-01-16 12:53

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ULAN BATOR, Jan. 16 (Xinhua) -- Mongolia's total imports and exports expanded by 15 percent year on year to 24.4 billion U.S. dollars in 2023, official data showed Tuesday.

The Asian country registered a surplus of around 5.9 billion dollars in foreign trade balance, mainly due to a significant increase in the exports of mining products, according to data released by the country's National Statistics Office.

Mining products accounted for over 90 percent of the mineral-rich country's total exports last year, according to the agency.

The landlocked country traded with 163 economies worldwide in 2023.
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