External balance on goods and services in Mongolia
Mongolia: External balance on goods and services was 5.4% 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 % of GDP.
Analysis
In 2025, external balance on goods and services in Mongolia stood at 5.4%.
Compared with earlier readings it is up 634.9% on the previous year and up 522.4% over ten years.
Over the whole period, external balance on goods and services in Mongolia peaked at 9.6% in 2023 and was at its lowest, -51.2%, in 1986.
That places Mongolia 37th out of 193 countries with data for 2025, putting it in the top quarter.
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 | % of GDP | Change |
|---|---|---|
| 1981 | -47.2% | — |
| 1982 | -38.2% | -19.0% |
| 1983 | -35.8% | -6.2% |
| 1984 | -35.9% | +0.2% |
| 1985 | -41.5% | +15.6% |
| 1986 | -51.2% | +23.5% |
| 1987 | -41.5% | -19.0% |
| 1988 | -37.6% | -9.4% |
| 1989 | -31.4% | -16.5% |
| 1990 | -22.1% | -29.7% |
| 1991 | -28.5% | +29.0% |
| 1992 | -7.4% | -73.9% |
| 1993 | -11.1% | +49.1% |
| 1994 | -9.9% | -10.7% |
| 1995 | -1.0% | -89.7% |
| 1996 | -6.9% | +578.4% |
| 1997 | 5.3% | -177.1% |
| 1998 | -11.7% | -318.4% |
| 1999 | -11.9% | +2.2% |
| 2000 | -13.9% | +16.5% |
| 2001 | -15.2% | +9.3% |
| 2002 | -17.1% | +12.4% |
| 2003 | -15.6% | -8.6% |
| 2004 | -9.8% | -37.5% |
| 2005 | -4.8% | -50.4% |
| 2006 | 6.0% | -223.0% |
| 2007 | 1.3% | -77.4% |
| 2008 | -13.2% | -1076.2% |
| 2009 | -7.3% | -44.9% |
| 2010 | -10.0% | +37.7% |
| 2011 | -21.9% | +119.1% |
| 2012 | -22.4% | +2.5% |
| 2013 | -22.5% | +0.4% |
| 2014 | -4.8% | -78.6% |
| 2015 | -1.3% | -73.4% |
| 2016 | 0.7% | -153.6% |
| 2017 | 2.4% | +248.3% |
| 2018 | -10.0% | -517.7% |
| 2019 | -6.0% | -40.5% |
| 2020 | 2.5% | -141.6% |
| 2021 | -2.0% | -180.6% |
| 2022 | -6.2% | +210.2% |
| 2023 | 9.6% | -255.5% |
| 2024 | -1.0% | -110.5% |
| 2025 | 5.4% | -634.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -40.0% | -51.2% | -31.4% | 9 |
| 1990s | -10.5% | -28.5% | 5.3% | 10 |
| 2000s | -8.9% | -17.1% | 6.0% | 10 |
| 2010s | -9.6% | -22.5% | 2.4% | 10 |
| 2020s | 1.4% | -6.2% | 9.6% | 6 |
Countries ranked near Mongolia
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)
- Imports of goods and services (constant 2015 US$), annual growth rate -1.05 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.6737 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 4,789 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 670.31 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 696.41 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 36.7 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 316.89 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.25 million current LCU per person (2025)
Frequently asked questions
- What is external balance on goods and services in Mongolia?
- External balance on goods and services in Mongolia was 5.4% 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 9.6% in 2023.
- What is the lowest external balance on goods and services recorded in Mongolia?
- The lowest recorded value was -51.2% in 1986.
- How does Mongolia rank for external balance on goods and services?
- Mongolia ranks 37th 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 522.4%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.