Which has higher trade, Latvia or Mongolia?

Mongolia, at 130.7% against 129.7% in Latvia as of 2025.

How many years of comparable data are there for Latvia and Mongolia?

31 years are reported by both, from 1995 to 2025.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as Trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs Mongolia: Trade

Latvia

129.7%

in 2025

Mongolia

130.7%

in 2025

Latvia rank

38th

Mongolia rank

37th

Trade over time

Latvia
Mongolia

How they compare

Mongolia currently reports 130.7% against 129.7% in Latvia, a difference of 1.0%.

The two have swapped places 4 times across 31 shared years of data; in 1995 it was Mongolia ahead.

Latvia ranks 38th and Mongolia ranks 37th of 192 countries.

Across the 4 decades both report, Latvia averaged higher in 2 and Mongolia in 2.

Head to head by decade

Decade	Latvia	Mongolia	Difference	Ahead
1990s	87.0%	95.9%	8.9%	Mongolia
2000s	93.9%	119.0%	25.1%	Mongolia
2010s	126.5%	110.7%	15.9%	Latvia
2020s	136.2%	130.0%	6.2%	Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher trade, Latvia or Mongolia?: Mongolia, at 130.7% against 129.7% in Latvia as of 2025.
What is the difference in trade between Latvia and Mongolia?: 1.0%, with Mongolia ahead.
How many years of comparable data are there for Latvia and Mongolia?: 31 years are reported by both, from 1995 to 2025.
How do Latvia and Mongolia rank globally for trade?: Latvia ranks 38th and Mongolia ranks 37th of 192 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as Trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Mongolia: Trade. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 01 September 2026, from https://economy.statizoid.com/compare/trade-percent-of-gdp/latvia/mongolia/

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About this data

Indicator: Trade (% of GDP)
Unit: % of GDP
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 235 places, 11,211 data points, 1960–2025
Last refreshed: 20 August 2026

Trade is the sum of 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.