Mongolia’s trade balance to show profit in 2014 | Ubpost News: "The Mongolian Parliament estimated that Mongolia’s foreign trade balance will be positive in 2014, for the first time in five years. Oyu Tolgoi’s extraction is expected to play the main role in positivity.
In detail, the foreign trade commodity turnover of Mongolia is estimated to be 16.7 billion USD in 2014, and 8.4 million USD of it will be of export, while the remaining 8.3 million USD will be of import according to Ministry of Economic Development’s estimate.
Thus, Mongolia’s foreign trade balance (FTB) will be positive and will reach 32.6 million USD. Export will rise by 31.9 percent while import will rise by 14.1 percent in 2014."
'via Blog this'
In detail, the foreign trade commodity turnover of Mongolia is estimated to be 16.7 billion USD in 2014, and 8.4 million USD of it will be of export, while the remaining 8.3 million USD will be of import according to Ministry of Economic Development’s estimate.
Thus, Mongolia’s foreign trade balance (FTB) will be positive and will reach 32.6 million USD. Export will rise by 31.9 percent while import will rise by 14.1 percent in 2014."
'via Blog this'
