Economic Activities
Being a pastoral and agricultural society, it is of no surprise that one of Mongolia's primary exports are in livestock. In my previous blog article, I discussed how Mongolia's environment makes farming difficult, but ideal for livestock. This is reflected through statistics concerning Mongolian exports where profits in 2007 were equal to $24,172,425. The primary exports are largely livestock since any form of farming is largely regulated towards the livestock and maintaining of the livestock.
In addition to exporting animals, Mongolia also has a huge economic sector in mining and mineral exports due to being on one of the world's largest sources of precious and rare metals. Various metals and ores from sulfur to mineral fuels and precious metals are exploited for trade mostly to China for the use in manufacturing.
Mongolia's only other significantly profitable industries are in textiles and vehicular equipment, but these industries aren't nearly as important as the mining and live stock industries.
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| Mining in Mongolia Source: Unuudur.com |
In addition to exporting animals, Mongolia also has a huge economic sector in mining and mineral exports due to being on one of the world's largest sources of precious and rare metals. Various metals and ores from sulfur to mineral fuels and precious metals are exploited for trade mostly to China for the use in manufacturing.
Mongolia's only other significantly profitable industries are in textiles and vehicular equipment, but these industries aren't nearly as important as the mining and live stock industries.
"Mongolia Exports by Product Section in US Dollars - Yearly." Mongolia Exports by Product Section in US Dollars - Yearly. Web. 5 Apr. 2015.
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