Coal export income decreased by 43.4 percent YoY

 National Statistic Committee reported that in the first 5 months of 2013 the coal export reached 6.331 million tones. On a year-on-year basis, coal export decreased by 12.9% by volume and 43.4% by sales income. This year, the first 5 months’ sales income from coal was US$448.6 million while the last year’s was US$793.1 million.

The export volume of coking coal has decreased by 30% only in May, whereas the price decreased by 48.5%. The price is direct impact on the sales income. Mongolia is planning to export 30 million coking coal this year, and as end of May 21% of the plan has been realized.

However, iron ore sales income has increased by 56%. 2.3 million tons of iron ore has been exported as end of May. This year earning $262.5 million which is a 56% increase from last year’s $168.2 million.

S.Bold