MONGOLIA TRADES WITH 117 COUNTRIES

Ulaanbaatar, Mongolia /MONTSAME/ In the first eight months of 2011, Mongolia traded with 117 countries from all over the world and total external trade turnover reached 7080.1 million US dollars, of which exports made up 2889.0 million US dollars and imports made up 4191.1 million US dollars. External trade balance showed a deficit of 1302.1 million US dollars in the first 8 months of 2011, increased by 1130.5 million US dollars or 7.6 times compared to the same period of the previous year. External trade balance showed a deficit of 201.4 million US dollars in August, 2011, increased by 160.5 million US dollars or 4.9 times from 40.9 million US dollars deficit in August 2010. Total external trade turnover increased by 3321.4 million US dollars or 88.4 percent compared to the same period of the previous year, of which imports up by 2225.9 million US dollars or 2.1 times, and exports up by 1095.4 million US dollars or 61.1 percent.

B.Oyundelger