Mongolia Economic Growth Moderates to 12.3% as Coal Exports Slow

Mongolian economic growth slowed last year to 12.3 percent after moderating expansion in China curbed demand for its exports of coal.

Gross domestic product, as measured by production, grew last year to 13.9 trillion tugrik ($10 billion), the National Statistical Office of Mongolia said on its website today. The country’s exports fell 9 percent to $4.38 billion and imports rose 2.1 percent to $6.74 billion, resulting in a trade deficit of $2.35 billion, according to the statistics office.