Luxembourg vs Mongolia: Net trade in goods
Net trade in goods over time
- Luxembourg
- Mongolia
How they compare
Mongolia currently reports 3.08 billion BoP, current US$ against 2.11 billion BoP, current US$ in Luxembourg, a difference of 975.12 million BoP, current US$.
That makes Mongolia's figure about 1.5 times Luxembourg's.
The two have swapped places 2 times across 26 shared years of data; in 1999 it was Mongolia ahead.
Luxembourg ranks 52nd and Mongolia ranks 49th of 199 countries.
Across the 4 decades both report, Luxembourg averaged higher in 1 and Mongolia in 3.
Head to head by decade
| Decade | Luxembourg | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -2.59 billion BoP, current US$ | -56.47 million BoP, current US$ | 2.53 billion BoP, current US$ | Mongolia |
| 2000s | -3.16 billion BoP, current US$ | -137.16 million BoP, current US$ | 3.03 billion BoP, current US$ | Mongolia |
| 2010s | 1.32 billion BoP, current US$ | -306.79 million BoP, current US$ | 1.63 billion BoP, current US$ | Luxembourg |
| 2020s | 1.02 billion BoP, current US$ | 2.40 billion BoP, current US$ | 1.38 billion BoP, current US$ | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods, Luxembourg or Mongolia?
- Mongolia, at 3.08 billion BoP, current US$ against 2.11 billion BoP, current US$ in Luxembourg as of 2024.
- What is the difference in net trade in goods between Luxembourg and Mongolia?
- 975.12 million BoP, current US$, with Mongolia ahead.
- How many years of comparable data are there for Luxembourg and Mongolia?
- 26 years are reported by both, from 1999 to 2024.
- How do Luxembourg and Mongolia rank globally for net trade in goods?
- Luxembourg ranks 52nd and Mongolia ranks 49th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods (BoP, current US$). 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 is the difference between the exports and imports of goods. 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.