Mongolia Coal Production Holds, Export Revenues Fall
- Amar Adiya
- Sep 22
- 2 min read
For all its grand plans, Mongolia remains tethered to a single commodity. Foreign trade shrank 8.2% in the first eight months of 2025, driven by a 13.8% plunge in exports. Inflation hit 8.8% in August, with Ulaanbaatar running hotter at 9.8%.
Despite official pledges of diversification and new trade corridors, coal remains the economy’s faltering heartbeat.
Coal export volumes held near 38 million tons in the first half of 2025, yet revenues plummeted, wiping out $2.7 billion in the first eight months.
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