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Trade turnover between Mongolia and Turkey reaches 29 million USD in 2017

Trade ties between Mongolia and Turkey have been strengthening in the last two years, with trade turnover of 29 million USD reached in 2017.

Mongolia imports ten times as many goods from Turkey as it exports. The main commodities exported to Turkey include refined sheep and goat hides.

According to data from the National Statistics Office, the export of goat hides increased by 11 times in 2017, compared to 2016, reaching 1.3 million USD.

The Ministry of Foreign Affairs reported that out of 63 entities receiving Turkish investment, 52 are businesses operating in the trade and restaurant industries.

 

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