According to official data, Ganqmod Port, the largest highway port between China and Mongolia, has seen a significant increase in trade volume in the first quarter of 2023. The port, located in Inner Mongolia, cleared nearly 8 million tons of goods during the period, up by more than four times compared to the same period last year. The volume of imported coal alone surged by 525.4 percent year-on-year to 7.68 million tons, while imports of refined copper powder grew by 12.2 percent year-on-year to 201,200 tons.
The port has been implementing measures to facilitate trade and improve clearance efficiency, such as promoting the construction of cross-border driverless transport services, and accelerating the renovation and expansion of joint inspection buildings.
As a major energy import channel for China, Ganqmod Port plays a crucial role in the China-Mongolia-Russia economic corridor. The strong performance of the port’s trade in the first quarter is seen as a positive sign for the growth of economic ties between China and Mongolia, and the continued development of the economic corridor.