According to the latest published data, Mongolia for the first 11 monthsCoalExports have increased a lot compared to the same period last year. The total volume of exports reached 5969110,000 tons, compared to 3258510,000 tons in the same period last year, an increase of 12021%。This number shows MongoliaCoalExports have reached a higher level this year.
This significant increase in data speaks volumes about MongoliaCoalThe rapid development of the industry and the improvement of profitability. Mongolia as a country with abundanceCoalresources of the country,CoalExports have always been importantEconomyOne of the pillars. This year's growth rate is much higher than expected, showing Mongolia'sCoalThe industry is moving in a healthier and more sustainable direction.
According to the data, Mongolia in the first 11 months of this yearCoalOf the exports, there are 5937310,000 tons were shipped to China, an increase of 134 over the same period last year07%。It can be seen that China has become MongoliaCoalof the largest buyers.
China is the largest in the worldEnergyOne of the countries in demand, rightCoalThe demand has always been high. MongolianCoalThe resources are relatively abundant, and the geographical location bordering China makes itCoalShipping is more convenient andEconomy。Thus, China became MongoliaCoalThe most important destination for exports. With ChinaEconomyThe rapid development of the industry and the continuous expansion of the industry, rightCoalThe demand for Mongolia will continue to increaseCoalThis is undoubtedly good news for the industry.
In addition to China, Mongolia'sCoalA small portion of the export is also sold to neighboring countries, such as steelworks in the Russian Far East. These figures show that Mongolia'sCoalExports are mainly dependent on the Chinese market, with relatively little demand from other neighboring countries.
Mongolia is strategically located between China and Russia. Therefore, in addition to the Chinese market, Russia is also a potentialCoalBuy the marketplace. Steelworks in the Russian Far East were in high demand, so Mongolian's ones were purchasedCoalto meet production needs. However, MongolianCoalRelatively limited production capacity and transportation capacity have resulted in relatively little demand from other neighboring countries. In addition, due toShipping costsand other factors to consider Mongolia'sCoalIt is difficult to export to the offshore market, so it is less likely to be exported to places such as Japan, South Korea, and India.
ForCoalExporting countries,CoalofShipping costsis an important consideration. Currently, the largest in the worldCoalExporting countries such as Indonesia, Australia, the United States, South Africa, Colombia, etc. are all passing throughRail transporttoPorts, and then transported to various places by sea ship. Russia has also built many river ports and seaports for transportationCoal, and is used in large quantitiesRail transportCoalto China.
Shipping costsIt's the impactCoalAn important factor in market competitiveness. Ocean transportation is less expensive than other modes of transportation and can be reducedCoalThe intermediate cost of sales is beneficial to both exporting and importing countries. That's why there are a lot of themCoalThe exporting countries have chosen to build thermal power plants in coastal industrial zones to facilitate the reception of importsCoal。And for India and other major onesCoalImporting countries, for example, are more likely to buy for ocean transport that is closer to each otherCoal, which can be reducedShipping costsand risks.
11 months before MongoliaCoalExport data shows that the largest number of shipments to China reached 5,937310,000 tons, an increase of 134 over the same period last year07%。This fully shows China's aggression towards MongoliaCoalhigh demand and advantageous position. As the world's largestEnergyOne of the consumer countries, China is rightCoalThe demand has been great. And Mongolia has an abundance ofCoalresources, the geographical location of the border with China also makesCoalEasier to transport. Hence the Mongolian stateCoalExports are mainly dependent on the Chinese market. However, Mongolian'sCoalProduction capacity and transportation capacity are limited, and demand from other neighboring countries is relatively small. In addition,CoalShipping costsIt's also an impactCoalAn important factor in market competitiveness. It can be reduced by sea transportationCoalThe intermediate cost of sales is beneficial to both exporting and importing countries. As a result, Mongolia's competitiveness is relatively weak, and it is difficult to compete with Indonesia, Australia, the United States, Russia, etcCoalThe big exporters compete with each other. With ChinaEconomyThe rapid development of the industry and the continuous expansion of the industry, rightCoalThe demand for Mongolia will continue to increaseCoalThis is undoubtedly a huge opportunity for the industry. Mongolia** and enterprises should continue to increaseInvestmentsStrength, liftingCoalproduction and transportation capacity to further expand overseas markets and achieve sustainable development for MongoliaEconomygrowth to make a greater contribution.