Iceland vs Mongolia: Imports of goods and services (BoP, current US$)
Imports of goods and services (BoP, current US$) over time
- Iceland
- Mongolia
How they compare
Iceland currently reports 16.41 billion BoP, current US$ against 16.14 billion BoP, current US$ in Mongolia, a difference of 264.90 million BoP, current US$.
The two have swapped places 7 times across 45 shared years of data; in 1981 it was Mongolia ahead.
Iceland ranks 105th and Mongolia ranks 106th of 200 countries.
Across the 5 decades both report, Iceland averaged higher in 4 and Mongolia in 1.
Head to head by decade
| Decade | Iceland | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.41 billion BoP, current US$ | 1.61 billion BoP, current US$ | 204.79 million BoP, current US$ | Mongolia |
| 1990s | 2.41 billion BoP, current US$ | 586.66 million BoP, current US$ | 1.83 billion BoP, current US$ | Iceland |
| 2000s | 5.70 billion BoP, current US$ | 1.73 billion BoP, current US$ | 3.97 billion BoP, current US$ | Iceland |
| 2010s | 8.29 billion BoP, current US$ | 7.16 billion BoP, current US$ | 1.13 billion BoP, current US$ | Iceland |
| 2020s | 12.66 billion BoP, current US$ | 12.50 billion BoP, current US$ | 158.00 million BoP, current US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher imports of goods and services, Iceland or Mongolia?
- Iceland, at 16.41 billion BoP, current US$ against 16.14 billion BoP, current US$ in Mongolia as of 2025.
- What is the difference in imports of goods and services between Iceland and Mongolia?
- 264.90 million BoP, current US$, with Iceland ahead.
- How many years of comparable data are there for Iceland and Mongolia?
- 45 years are reported by both, from 1981 to 2025.
- How do Iceland and Mongolia rank globally for imports of goods and services?
- Iceland ranks 105th and Mongolia ranks 106th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Imports of goods and services (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.