AKIPRESS.COM - In January 2022, Mongolia traded with 117 countries from all over the world, and the total trade turnover reached USD 1.1 billion, of which USD 539.6 million were exports and USD 556.5 million were imports, Montsame reports.

The total foreign trade turnover decreased by USD 2.5 million (0.2 percent), where exports decreased by USD 100.2 million (15.7 percent) and imports increased by USD 97.7 million (21.3 percent) compared to the same period of the previous year. In January 2021, exports increased by USD 122.3 million (29.3 percent) and while imports decreased by USD 104.2 million (15.8 percent) compared to the previous month.

The foreign trade balance was in surplus of USD 181.0 million in January 2021 and while it was in deficit of 16.9 million in January 2022, decreased by USD 197.9 million compared to the same period of the previous year. In January 2022, trade balance deficit decreased by USD 226.5 million from previous month. Trade with China reached USD 520.4 million in January 2022, which is accounting 47.5 percent of the total trade turnover.