January sees positive trade balance

Ulaanbaatar /MONTSAME/ As of the end of this January, a total accumulative trade turnover increased by 9.4 or USD 61.7 million against the same period of 2014, reaching USD 720.0 million. The increase reflected a growth in exports by USD 151.5 million. The structure of the trade flows with the neighboring countries is as follows: trade with China made up 65.6 percent or USD 472.7 million, with Russia covered 12.3 percent or USD 88.3 million. The trade volume between Mongolia and China went up by 13.0 percent, while that with Russia decreased by 2.2 percent. The cumulative trade balance reached USD 225.4, improving by USD 241.3 million against the same period of 2014. This reflected an increase in export by 47.2 percent and a decrease in import by 26.6 percent, reports the Bank of Mongolia.