logo

INDUSTRIAL PRODUCTION IN STATISTICS


Home     News

Home     News

INDUSTRIAL PRODUCTION IN STATISTICS

22 Jul, 2020
admin

According to the preliminary results, the gross industrial output reached MNT 6.6 trillion in the first half of 2020, showing a decrease of MNT 1.9 trillion (22.5%) from the same period of previous year. This decrease was mainly due to the decrease in mining and quarrying gross output by MNT 1.6 trillion (26.9%) and manufacturing output by MNT 279.6 billion (15.7%), respectively. However, the electricity, thermal energy and water supply production output increased by MNT 14.0 billion (2.3%), respectively.  

By the preliminary results of the first half of 2020, in mining and quarrying sector, gold and extraction of iron ore was increased by 15.9-42.4 percent compared to the same period of previous year. In manufacturing sector, alcohol, wheat flour, pure water, soft drink and juice and milk were increased by 7.6 percent to 14.2 percent compared to the same period of previous year. By the preliminary results of the first half of 2020, production of coal briquette and face covering was increased by 3.0 to 21.0 times more compared to the same period of previous year.

However, in mining and quarrying sector, extraction of brown coal, copper concentrate, flour spar, hard coal and crude oil were decreased by 5.3 percent to 69.4 percent. In manufacturing sector, cement, alcoholic beverage, concentrated coal, lime, copper cathode 99%, cashmere products, metal steel, meat, concentrated coal, combed cashmere and cigarettes were decreased by 7.2 percent to 68.7 percent compared to the same period of previous year.

By the preliminary results of the first half of 2020, the sales of industrial production reached MNT 7.1 trillion, decreased by MNT 3.0 trillion (29.8%) from the same period of previous year. This decrease was mainly resulted from the decrease of MNT 2.6 trillion (37.4%) in sales of mining and quarrying and MNT 387.6 billion (15.7%) in sales of manufacturing, while the sales of electricity, thermal energy and water supply were increased by MNT 11.8 billion (1.9%).

For the total sales of industrial production, MNT 3.9 trillion (54.1%) were from export, of which export of mining and quarrying was MNT 3.2 trillion (82.8%). For the sales of mining and quarrying production, MNT 3.2 trillion (82.8%) was comprised from the export, of which 71.7 percent was from mining of metal ores, 22.8 percent was from mining of coal and lignite, 2.8 percent was from extraction of crude petroleum, 2.7 percent was from other mining and quarrying products.

 

 

Source: https://montsame.mn/en/read/231790


logo
Contact info

  ifs@ifs.mn
  +976-11-329857
  +976-11-325446

Address

  Suite 701, The Down Town, 14240, Jamiyan Gun street 18, 1st khoroo, Sukhbaatar district, Ulaanbaatar, Mongolia

  https://www.facebook.com/IntegratedFinancialService

Drop us a line & we’re always ready to help you!