External balance on goods and services in Mongolia
Mongolia: External balance on goods and services was 1.38 billion current US$ in 2025. ◆ Volatile
External balance on goods and services in Mongolia, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Mongolia recorded 1.38 billion current US$ for external balance on goods and services in 2025.
Compared with earlier readings it is up 670.3% on the previous year and up 1,022.3% over ten years.
Over the whole period, external balance on goods and services in Mongolia peaked at 1.96 billion current US$ in 2023 and was at its lowest, -2.83 billion current US$, in 2013.
That places Mongolia 62nd out of 193 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | -1.09 billion current US$ | — |
| 1982 | -974.99 million current US$ | -10.5% |
| 1983 | -976.18 million current US$ | +0.1% |
| 1984 | -753.28 million current US$ | -22.8% |
| 1985 | -906.89 million current US$ | +20.4% |
| 1986 | -1.48 billion current US$ | +63.6% |
| 1987 | -1.25 billion current US$ | -15.6% |
| 1988 | -1.20 billion current US$ | -3.9% |
| 1989 | -1.12 billion current US$ | -6.7% |
| 1990 | -565.23 million current US$ | -49.7% |
| 1991 | -677.23 million current US$ | +19.8% |
| 1992 | -97.89 million current US$ | -85.5% |
| 1993 | -85.12 million current US$ | -13.0% |
| 1994 | -91.62 million current US$ | +7.6% |
| 1995 | -14.83 million current US$ | -83.8% |
| 1996 | -93.20 million current US$ | +528.6% |
| 1997 | 63.08 million current US$ | -167.7% |
| 1998 | -131.16 million current US$ | -307.9% |
| 1999 | -126.09 million current US$ | -3.9% |
| 2000 | -157.95 million current US$ | +25.3% |
| 2001 | -192.50 million current US$ | +21.9% |
| 2002 | -238.31 million current US$ | +23.8% |
| 2003 | -248.79 million current US$ | +4.4% |
| 2004 | -194.30 million current US$ | -21.9% |
| 2005 | -122.20 million current US$ | -37.1% |
| 2006 | 203.36 million current US$ | -266.4% |
| 2007 | 57.11 million current US$ | -71.9% |
| 2008 | -740.24 million current US$ | -1396.2% |
| 2009 | -332.69 million current US$ | -55.1% |
| 2010 | -718.38 million current US$ | +115.9% |
| 2011 | -2.28 billion current US$ | +217.2% |
| 2012 | -2.76 billion current US$ | +21.1% |
| 2013 | -2.83 billion current US$ | +2.8% |
| 2014 | -589.85 million current US$ | -79.2% |
| 2015 | -149.38 million current US$ | -74.7% |
| 2016 | 77.06 million current US$ | -151.6% |
| 2017 | 275.59 million current US$ | +257.7% |
| 2018 | -1.32 billion current US$ | -579.4% |
| 2019 | -846.99 million current US$ | -35.9% |
| 2020 | 330.44 million current US$ | -139.0% |
| 2021 | -305.78 million current US$ | -192.5% |
| 2022 | -1.06 billion current US$ | +248.0% |
| 2023 | 1.96 billion current US$ | -284.3% |
| 2024 | -241.57 million current US$ | -112.3% |
| 2025 | 1.38 billion current US$ | -670.3% |
Mongolia compared with similar countries
- Mongolia's 1.38 billion current US$ is above the median for upper middle income countries, which is -347.73 million current US$. (53 countries reporting)
- Mongolia's 1.38 billion current US$ is above the median for East Asia & Pacific, which is -166.62 million current US$. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -1396.2% | 57.11 million current US$ | -740.24 million current US$ |
| 2025 | +670.3% | -241.57 million current US$ | 1.38 billion current US$ |
| 2018 | -579.4% | 275.59 million current US$ | -1.32 billion current US$ |
| 1996 | -528.6% | -14.83 million current US$ | -93.20 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.08 billion current US$ | -1.48 billion current US$ | -753.28 million current US$ | 9 |
| 1990s | -181.93 million current US$ | -677.23 million current US$ | 63.08 million current US$ | 10 |
| 2000s | -196.65 million current US$ | -740.24 million current US$ | 203.36 million current US$ | 10 |
| 2010s | -1.11 billion current US$ | -2.83 billion current US$ | 275.59 million current US$ | 10 |
| 2020s | 343.03 million current US$ | -1.06 billion current US$ | 1.96 billion current US$ | 6 |
Countries ranked near Mongolia
- 59 Cyprus 2.33 billion current US$ compare
- 60 Equatorial Guinea 2.32 billion current US$ compare
- 61 Zambia 1.88 billion current US$ compare
- 63 Burkina Faso 1.37 billion current US$ compare
- 64 Ghana 953.40 million current US$ compare
- 65 South Sudan 929.99 million current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Mongolia?
- External balance on goods and services in Mongolia was 1.38 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Mongolia?
- The highest recorded value was 1.96 billion current US$ in 2023.
- What is the lowest external balance on goods and services recorded in Mongolia?
- The lowest recorded value was -2.83 billion current US$ in 2013.
- How does Mongolia rank for external balance on goods and services?
- Mongolia ranks 62nd out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Mongolia?
- Over the last ten years it is up 1,022.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.