AGP Executive Report
Last update: 7 hours agoIndustrial Output: Mongolia’s industrial production reached MNT 49.9 trillion in the first eight months of 2026, up 56.3% year on year. Mining drove the surge, with metal ore output up 75.8% and coal up 63.9%; manufacturing grew 15%. Exports and Trade: Export revenue hit US$16.6 billion in the first nine months, up 54% year on year. Cashmere and wool exports rose 73% to US$244 million, while meat exports fell 11%. The government is moving to ease congestion at Gashuunsukhait and advance cross-border rail links and automated customs systems. Credit Outlook: S&P affirmed Mongolia’s sovereign rating at BB- with a stable outlook, projecting average annual growth of about 5.6% through 2029. It flagged rising social spending and infrastructure investment as risks to public finances. Carbon Markets: Singapore and Mongolia will open applications on Oct. 30 for carbon-credit projects under their bilateral agreement. Eligible credits could help Singapore companies offset up to 5% of taxable emissions. Agriculture: Mongolia had stockpiled 52,600 tonnes of wheat by Oct. 5 toward a 100,000-tonne target to support domestic supply.
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