Balanced trade in services in Mongolia
Mongolia: Balanced trade in services was 1.2 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced trade in services in Mongolia, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced trade in services in Mongolia stood at 1.2 US dollars, exchange rate converted. That is the highest value across all 20 years on record.
That represents a change of up 7.7% on the previous year and up 96.4% over ten years.
Over the whole period, balanced trade in services in Mongolia peaked at 1.2 US dollars, exchange rate converted in 2024 and was at its lowest, 0.176 US dollars, exchange rate converted, in 2005.
That places Mongolia 107th out of 174 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2058 US dollars, exchange rate converted | 0.176 US dollars, exchange rate converted | 0.2373 US dollars, exchange rate converted | 5 |
| 2010s | 0.6133 US dollars, exchange rate converted | 0.2879 US dollars, exchange rate converted | 0.9329 US dollars, exchange rate converted | 10 |
| 2020s | 0.8867 US dollars, exchange rate converted | 0.5291 US dollars, exchange rate converted | 1.2 US dollars, exchange rate converted | 5 |
Countries ranked near Mongolia
- 104 Sudan 1.27 US dollars, exchange rate converted compare
- 105 Paraguay 1.25 US dollars, exchange rate converted compare
- 106 Suriname 1.21 US dollars, exchange rate converted compare
- 108 Mozambique 1.2 US dollars, exchange rate converted compare
- 109 Chad 1.19 US dollars, exchange rate converted compare
- 110 Georgia 1.16 US dollars, exchange rate converted compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Taxes less subsidies on products (current US$), annual growth rate -1.28 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0947 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 673.13 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 3.24 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 335.72 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 2.39 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0002 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 4,871 (2025)
Frequently asked questions
- What is balanced trade in services in Mongolia?
- Balanced trade in services in Mongolia was 1.2 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Mongolia?
- The highest recorded value was 1.2 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Mongolia?
- The lowest recorded value was 0.176 US dollars, exchange rate converted in 2005.
- How does Mongolia rank for balanced trade in services?
- Mongolia ranks 107th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Mongolia?
- Over the last ten years it is up 96.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html