Mongolia 2020 coal exports shrink by 22% to 29 million t

Mongolia’s total coal exports during 2020 plunged by 22% to 28.6 million tonnes, well below the target set by Ulan Bator at the start of the year to lift exports to beyond 40 million tonnes last year. The outbreak of the COVID-19 pandemic was the chief reason for the plunge in Mongolian coal deliveries, Mysteel Global noted.

Last December alone, Mongolia exported 1.6 million tonnes of coal, lower by 49.3% on month or 5.6% on year to an eight-month low, according to the country’s Customs data. Traders and end-users in China, bordering southern Mongolia, bought over 95% of the coal Mongolia shipped last year, the data