BUSINESS Mongolia's foreign trade falls 16.3 pct in first eight months

BUSINESS

Mongolia's foreign trade falls 16.3 pct in first eight months

Xinhua

18:22, September 10, 2020

ULAN BATOR, Sept. 10 (Xinhua) -- Mongolia's total foreign trade fell 16.3 percent year on year in the first eight months of this year, according to data released by the country's National Statistics Office (NSO) on Thursday.

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File photo: AP

Mongolia's foreign trade totaled 7.9 billion US dollars in the January-August period, the NSO said.

The decrease in foreign trade is directly related to restrictive measures to contain the spread of COVID-19, according to experts of the statistical agency.

Mongolia traded with a total of 139 economies around the world in the first eight months of this year.

Among the countries, China maintained its position as Mongolia's biggest trade partner in the above-mentioned period, accounting for 55.8 percent of Mongolia's total foreign trade.

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