According to the November statistics, Mongolia’s International Trade Index has fallen from the previous month to 1,731, according to the Bank of Mongolia.

This decline is attributable to lower coal prices in international markets that affected domestic coal export prices. For instance, border price of coal export reached USD 74 per ton in November, down 8 percent from the previous month, but increased by 5 percent from the same period of the previous year. The BOM said that although the International Trade Index declined from the previous month, it increased by 5 percent on a year-on-year basis.

In the first 11 months of 2018, Mongolia exported 33.3 million tons of coal by USD 2.6 billion, a y-o-y increase of 24 percent in terms of value and a y-o-y increase by 9 percent on terms of volume. Coal exports declined in May and June, but slightly increased in July and slumped again in August.

Source: BloombergTv.mn