Mongolia's coal exports drop a third in Feb Import & Export,  International 2018-03-14 08:28:00

Mongolian coal exports fell by a third in February, the country's statistics bureau said on March 13, with bottlenecks at the border with China continuing to drag on trade.

Export volumes declined 33% to 3.25 million tonnes, while the value of coal exports dropped 25% to $245.4 million in the first two months of the year, according to the National Statistics Office.

"The reason is obvious: the bottleneck at the border is causing exports to drop," said Mogi Badral Bontoi, chief executive and analyst for Cover Mongolia.

Bonto said the number of trucks passing through the border is now a "fraction" of what it was last year.

"From the Chinese side, the customs clearing process has trucks spend more time at the border trying to get cleared," he said.

Coal exports have helped shore up Mongolia's struggling economy, but they have been hit by Chinese border restrictions. Trade slowed after customs authorities cracked down on the smuggling of meat and other goods into China last year.

Truck queues stretched as far back as 130 km on one border road for more than a week in October 2017, forcing Mongolia to close it down to clear traffic. Authorities plan to build a new route to cut down on congestion.

China is Mongolia's number-one trade partner, and bought 87% of its northern neighbor's total exports in the first two months of the year, including nearly all of its coal. Mongolia's exports to China fell 3.9% compared with a year earlier.

Commodities other than coal fared better. Gold trading value more than doubled to $72 million while copper concentrate exports rose 11.5%.

Mongolia's trade surplus reached $225.4 million during the first two months, the statistics office said.

(Writing by Tammy Yang   Editing by Harry Huo)
For any questions, please contact us by or +86-351-7219322.

Editors Recommendations

1 China Feb coking coal imports down 42.49% on mth 2018-03-23

China imported 2.91 million tonnes of coking coal in February, down 32.8% year on year and 42.49% from January, showed data from General Administration of Customs on March 23. The value o

2 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

3 China's power grid operator accomplishes an acquisition project in Chile 2018-03-23

At the stock exchange meeting in Santiago on local time March 19, China Southern Power Grid (CSG) finally stood out of the competition and managed to acquire 27.8% stakes of Chile's largest power grid

4 China Coal 2017 unit production cost leaps 21%, CFO 2018-03-23

China Coal Energy Co., Ltd, the listed subsidiary of China National Coal Group, saw its production cost for per tonne coal output climb 21% in 2017 from a year ago, said Chief Financial Officer Chai Q

5 China's coking coal road transport frequently affected by air pollution control 2018-03-22

After the Lunar New Year, China's environmental clear-out has strengthened and air pollution alarms have frequently gone off in the major coking coal bases, affecting coal output and trucks transport

6 China's natural gas peak-regulation capacity gap reaches almost 50% 2018-03-22

According to a plan from China's top economic planner the National Development and Reform Commission that "the sales party needs to build 10% of peak-regulation capacity matching with the natural g

7 Five Guodian Group's listed subsidiaries transfer to new shareholder CHNENERGY 2018-03-22

Five listed subsidiaries are transferring from the previous parent China Guodian Corp to the new shareholder China Energy Investment Group (CHNENERGY), as a following step to the historic marriage bet

8 China's Tangshan normalizes off-peak production strategy in steel sector 2018-03-22

To continuously improve air quality and win the battle defensing blue skies, China's top steel city Tangshan issued a notice recently to push ahead with environmental restrictions on local steel sec

9 China thermal coal prices keep downward trend; stocks ascend at N ports 2018-03-21

Spot prices of thermal coal, used mainly for power generation, continued to trend down at China's Bohai-rim ports, as demand was seasonally weak after this time of the year.

10 Shanxi's seven large state coal miners still deep in debt, despite good profits last yr 2018-03-21

In the past 2017, high coal prices did significantly improve the profitability of Chinese coal miners, but for Shanxi's seven provincial government-administrated coal enterprises, which are burdened

Most Read Articles

1 11 auctioned coal mines in India to start production from Jun 2018-03-19

As many as 11 coal blocks, which were non-operational at the time of auction, are likely to start production from June this year, Indian Parliament was informed on March 17. Among the 17

2 India coking coal imports up 12.1% in the first 11 mths of FY2018 2018-03-21

India coking coal imports increased to 43.53 million tonnes from 38.83 million tonnes during the first 11 months of FY2018 (April 2017 - February 2018), a jump of 12.1% over same period last year, acc

3 'Remarkable strides' in air pollution improvement, official 2018-03-19

China has made remarkable strides in containing and preventing air pollution over the past five years, according to Li Ganjie, minister of environmental protection. The concentrations of

4 State Grid to invest 21 bln yuan in upgrading China rural power grids over 2018-20 2018-03-21

The State Grid Corporation of China will invest 21 billion yuan ($3.2 billion) in upgrading power grids in some rural areas, reported Economic Information Daily on March 21. These r

5 China considers slapping tariff on US imports countering Trump's tariff policy 2018-03-23

China's commerce ministry issued a suspension-of-concessions list of 128 American products, aiming to balance losses from the US's new tariff policy on steel and aluminum products. The li

6 Nippon Steel settles 1Q PCI, semi-soft coking contracts 2018-03-20

Japan's Nippon Steel and Sumitomo Metal (NSSMC) has agreed a first-quarter 2018 pulverised coal injection (PCI) contract price of $159/t FOB Australia with Australia-listed producer Realm Resources. T

7 Glencore to acquire Hail Creek coal mine in Queensland 2018-03-21

Glencore has reached agreement to acquire Rio Tinto's 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource in central Queens

8 11 mines allotted to Coal India to add 225 mln T in annual output 2018-03-22

Allocation of 11 mines to Coal India (CIL) arms - ECL, WCL and BCCL - will enhance its annual output by 225 million tonnes, Parliament was informed on March 21. CIL has requested the gove

9 China spends heavily on extinguishing coalfield fires 2018-03-22

China plans to invest nearly 80 million yuan ($12.6 million) this year to put out underground fires in three coalfields in Northwest China's Xinjiang Uygur autonomous region. The move wil

10 China's shift to clean heat will continue 2018-03-20

Farmers in Xinyu, a village in Haimen, Jiangsu province, install solar panels on their roofs. The panels will reduce the use of electricity generated by thermal power plants. China will u