Mongolia's industrial output increases 17 pct in Q1

21/4/2025 5:50

Mongolia's industrial output reached 7.9 trillion Mongolian tugriks (2.21 billion U.S. dollars) in the first quarter of 2025, a 17 percent increase year-on-year, local media reported on Sunday, citing data from the National Statistics Office (NSO).

It was mainly attributed to a significant increase in the output of main mining and extractive products, the NSO said in a statement.

During the period, iron ore production increased by 27.2 percent, while the volume of coal production went up 11.8 percent against the corresponding period of 2024.

Currently, the mining sector remains one of the main pillars of the Mongolian economy, as the country is rich in natural resources such as gold, silver, copper and coal.

Mining commodities, such as coal, copper and unprocessed or semi-processed gold, constituted about 90 percent of Mongolia's total exports during this period, the data showed.