ULAN BATOR, May 13 (Xinhua) -- Mongolia's foreign trade turnover declined by 30.8 percent year on year in the first quarter of 2020, the country's National Statistics Office (NSA) said Wednesday.
According to the NSA, Mongolia's foreign trade totaled 3 billion U.S. dollars in the first four months of this year, exports fell 45.3 percent to 1.4 billion dollars, while imports dropped 10.2 percent to 1.6 billion dollars.
The drop in foreign trade is largely related to restrictive measures to contain the spread of COVID-19, according to experts of the NSA.
The Asian country traded with a total of 125 economies around the world in the January-April period.
China maintained its position as Mongolia's biggest trade partner during the period and took up 56.5 percent of Mongolia's total foreign trade, said the statistical agency. Enditem
