Inner Mongolia-Mongolia bilateral trade grows 30 percent in first 10 months

By Liu Yufen (chinadaily.com.cn)

Updated: 2014-12-11

In the first 10 months of 2014, the bilateral trade volume between North China's Inner Mongolia autonomous region and Mongolia reached $3.2 billion, an increase of 30.9 percent year-on-year and accounting for 28.5 percent of the autonomous region's total imports and exports.

From January to October, the total exports and imports between Inner Mongolia and Mongolia amounted to 27.61 million tons, an increase of 8.5 percent compared to the same period last year. Imports reached 23.40 million tons and exports reached 4.21 million tons, an increase of 10.2 percent and 0.2 percent year-on-year, respectively.

The statistics showed that in these 10 months, the amount of entry vehicles from Mongolia to Inner Mongolian ports was 511,000, and exit vehicles increased by 10.5 percent year-on-year to 333,000.

Edited by Michael Thai