Mongolia coal export trade up fourfold in H1 on North Korea ban

Oyundelger 2017-08-02 03:08

Mining

Mongolia's coal export trade grew more than fourfold in the first half of this year, with the country benefiting from China's ban on imports of the commodity from North Korea.

Mongolia coal export trade up fourfold in H1 on North Korea ban. Mongolia's coal export trade grew more than fourfold in the first half of this year, with the country benefiting from China's ban on imports of the commodity from North Korea and curbs on deliveries into smaller ports. Coal made up around half the country's total export trade over the period, according to Mongolia's National Statistics Office. China's ban on coal from North Korea, as well as the restrictions on deliveries into smaller ports, has helped boost Mongolia's total earnings from coal to $1.28 billion over the first half. Minerals comprised 82 percent of all exports during the period, as overall export volumes jumped 41.7 percent from the same period in 2016 to a total value of $3.1 billion.