Korea vs Mongolia: External balance on goods and services
Korea
5.2%
in 2025
Mongolia
5.4%
in 2025
Korea rank
39th
Mongolia rank
37th
External balance on goods and services over time
- Korea
- Mongolia
How they compare
Mongolia currently reports 5.4% against 5.2% in Korea, a difference of 0.2%.
That makes Mongolia's figure about 1.1 times Korea's.
The two have swapped places 9 times across 45 shared years of data; in 1981 it was Korea ahead.
Korea ranks 39th and Mongolia ranks 37th of 193 countries.
Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4% | -40.0% | 40.4% | Korea |
| 1990s | 0.6% | -10.5% | 11.1% | Korea |
| 2000s | 1.6% | -8.9% | 10.5% | Korea |
| 2010s | 3.9% | -9.6% | 13.5% | Korea |
| 2020s | 2.8% | 1.4% | 1.4% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Korea or Mongolia?
- Mongolia, at 5.4% against 5.2% in Korea as of 2025.
- What is the difference in external balance on goods and services between Korea and Mongolia?
- 0.2%, with Mongolia ahead.
- How many years of comparable data are there for Korea and Mongolia?
- 45 years are reported by both, from 1981 to 2025.
- How do Korea and Mongolia rank globally for external balance on goods and services?
- Korea ranks 39th and Mongolia ranks 37th of 193 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.