Mongolia export income falls in 2013
ULAN BATOR (Bloomberg)— Mongolia’s export income slipped 2.6 percent last year amid a decline in shipments of coal, the nation’s biggest earner.
Earnings were $4.27 billion in 2013, compared with $4.38 billion a year earlier, the National Statistics Office said on its website. Coal shipments declined 41 percent by value.
The slump in earnings underscores the challenges facing Mongolia as economic growth cools, foreign investment declines and the nation’s mineral boom slows amid protracted disputes with key investors. China accounted for 87 percent of exports last year by value, today’s data showed.
Coal exports fell to $1.12 billion last year, from $1.9 billion a year earlier, the agency said Monday.
Earnings were $4.27 billion in 2013, compared with $4.38 billion a year earlier, the National Statistics Office said on its website. Coal shipments declined 41 percent by value.
The slump in earnings underscores the challenges facing Mongolia as economic growth cools, foreign investment declines and the nation’s mineral boom slows amid protracted disputes with key investors. China accounted for 87 percent of exports last year by value, today’s data showed.
Coal exports fell to $1.12 billion last year, from $1.9 billion a year earlier, the agency said Monday.
Comments
Post a Comment