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The increase in exports was due to the increase in copper and coal exports

The increase in exports was due to the increase in copper and coal exports

In the first quarter of 2021, Mongolia traded with 121 countries, with a total foreign trade turnover of $ 3.5 billion, of which exports accounted for $ 2.0 billion and imports for $ 1.5 billion.

Total external trade turnover increased by 1.3 (60.4%) billion USD, exports by 964.6 (93.1%) million USD, and imports by 362.1 (31.2%) million USD from the same period of the previous year.

In March 2021, exports reached 665.8 million US dollars and imports reached 601.4 million US dollars, while exports decreased by 28.8 (4.1%) million US dollars and imports increased by 138.0 (29.8%) million US dollars from the previous month.

Coal accounted for 34.3 percent of exports to China and copper concentrate for 33.6 percent, while coal accounted for 96.6 percent of exports to Singapore and fluorspar for 41.1 percent of exports to Russia.

In the first quarter of 2021, exports increased by 964.6 mln.US dollars compared to the same period of the previous year, mainly due to increases of 269.9 mln.US dollars in copper concentrate exports and 439.4 mln.US dollars in coal exports. The decrease in exports by 28.8 mln.US dollars compared to the previous month was mainly due to the decrease of 25.9 mln.US dollars in copper concentrate exports.

According to the National Health Insurance Agency, the premium income of the health insurance fund reached 93.3 billion MNT in the first quarter of 2021, 1.4 (1.5%) billion MNT more than the same period of the previous year, and the health insurance fund’s expenditure reached 187.4 billion MNT, 101.8 (2.2 times). ) increased by MNT 1 billion.

The increase in health insurance premium income was mainly due to an increase of MNT 9.2 billion (14.1%) from the same period of the previous year to MNT 74.8 billion paid by employers and insured persons.

In the first quarter of 2021, compared to the same period of the previous year, the top 5 best-selling drugs discounted by the health insurance fund decreased by 638.6 (29.7%) million MNT.

Sales of psychiatric and behavioral disorders 558.8 (68.5%) million MNT, sales of cardiovascular drugs 3.3 (79.3%) billion, sales of hormones, other hormonal drugs and contraceptives 851.7 (3.1 times) million MNT, sales of other drugs 1.4 (3.2 times) billion MNT, and medicines for gastrointestinal diseases increased by 1.9 (3.5 times) billion MNT.

Compared to the same period of the previous year, the revenue of the Social Insurance Fund increased by 13.4 percent and expenditure by 15.6 percent. According to the National Social Insurance Agency, the revenue of the social insurance fund reached 769.4 billion MNT in the first quarter of 2021, increasing by 91.2 billion MNT (13.4%) compared to the same period of the previous year.

The increase of 91.2 bln.togrogs in social insurance fund revenue compared to the same period of the previous year was mainly due to 70.7 bln.togrogs (13.9%) increase in pension insurance fund revenue.

In March 2021, the social insurance fund’s revenue reached 293.4 billion MNT and expenditure 294.7 billion MNT, increasing by 40.6 (16.1%) billion MNT in revenue and 61.8 (26.5%) billion MNT in expenditure from the previous month.

Industrial producer prices fell 7.4 percent from the previous month. The producer price index of the sector (2015 = 100) reached 137.5 in March 2021, the producer price increased by 14.3 percent compared to the same period of the previous year and decreased by 7.4 percent compared to the previous month.

In March 2021, industrial producer prices decreased by 7.4 percent compared to the previous month, while producer prices in mining and quarrying decreased by 9.6 percent (1.2 percent for hard coal and lignite, 3.2 percent for oil and gas, and 13.9 percent for metal ore). mainly affected.
Source: NATIONAL STATISTICAL COMMITTEE