source: Frontier Securities

Trade statistics from Mongolia are improving. Despite lagging economic growth world-wide, nearly all of Mongolia's exports continue to grow.

Prices are strong in exports from Mongolia, such as coal, copper, iron, ore, crude oil, greasy cashmere, zinc, and gold. The development of mining projects and construction has increased the number of imports as well.

Coal exports this year will likely hit a record USD 2 billion. Coal prices soared 15.9 percent from September. Mongolian coal export sales grew 56 percent to USD 1.53 billion since last year. Volume grew 25.4 percent to 13,821,500 tons.

Iron ore grew 82 percent in value, crude oil 14 percent, cashmere by 20 percent. Volume increased in all but cashmere, which fell 12 percent. Gold fell 7 percent in value.

Imports have doubled since last year. The majority of growth is seen in diesel fuel, trucks, passenger cares, bulldozers, and gasoline.