Goods exports in Mongolia
Mongolia: Goods exports was 14.75 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
14.75 billion BoP, current US$
Change on year
up 6.0%
World rank
86th
of 200 countries
All-time high
14.75 billion BoP, current US$
in 2024
All-time low
346.50 million BoP, current US$
in 1991
Years of data
44
1981–2024
Goods exports in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, goods exports in Mongolia stood at 14.75 billion BoP, current US$. That is the highest value across all 44 years on record.
The figure is up 6.0% on the previous year and up 169.6% over ten years.
Over the whole period, goods exports in Mongolia peaked at 14.75 billion BoP, current US$ in 2024 and was at its lowest, 346.50 million BoP, current US$, in 1991.
That places Mongolia 86th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods exports in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 438.10 million BoP, current US$ | — |
| 1982 | 518.60 million BoP, current US$ | +18.4% |
| 1983 | 556.80 million BoP, current US$ | +7.4% |
| 1984 | 596.20 million BoP, current US$ | +7.1% |
| 1985 | 566.90 million BoP, current US$ | -4.9% |
| 1986 | 740.90 million BoP, current US$ | +30.7% |
| 1987 | 817.10 million BoP, current US$ | +10.3% |
| 1988 | 829.10 million BoP, current US$ | +1.5% |
| 1989 | 795.80 million BoP, current US$ | -4.0% |
| 1990 | 444.80 million BoP, current US$ | -44.1% |
| 1991 | 346.50 million BoP, current US$ | -22.1% |
| 1992 | 355.80 million BoP, current US$ | +2.7% |
| 1993 | 365.80 million BoP, current US$ | +2.8% |
| 1994 | 367.00 million BoP, current US$ | +0.3% |
| 1995 | 451.00 million BoP, current US$ | +22.9% |
| 1996 | 423.40 million BoP, current US$ | -6.1% |
| 1997 | 568.50 million BoP, current US$ | +34.3% |
| 1998 | 462.30 million BoP, current US$ | -18.7% |
| 1999 | 454.24 million BoP, current US$ | -1.7% |
| 2000 | 535.83 million BoP, current US$ | +18.0% |
| 2001 | 523.16 million BoP, current US$ | -2.4% |
| 2002 | 523.95 million BoP, current US$ | +0.2% |
| 2003 | 627.30 million BoP, current US$ | +19.7% |
| 2004 | 872.06 million BoP, current US$ | +39.0% |
| 2005 | 1.07 billion BoP, current US$ | +22.3% |
| 2006 | 1.54 billion BoP, current US$ | +44.8% |
| 2007 | 1.95 billion BoP, current US$ | +26.3% |
| 2008 | 2.51 billion BoP, current US$ | +28.6% |
| 2009 | 1.88 billion BoP, current US$ | -25.0% |
| 2010 | 2.91 billion BoP, current US$ | +54.6% |
| 2011 | 4.06 billion BoP, current US$ | +39.5% |
| 2012 | 3.80 billion BoP, current US$ | -6.3% |
| 2013 | 3.79 billion BoP, current US$ | -0.3% |
| 2014 | 5.47 billion BoP, current US$ | +44.4% |
| 2015 | 4.45 billion BoP, current US$ | -18.7% |
| 2016 | 4.80 billion BoP, current US$ | +8.0% |
| 2017 | 5.83 billion BoP, current US$ | +21.4% |
| 2018 | 6.56 billion BoP, current US$ | +12.4% |
| 2019 | 7.18 billion BoP, current US$ | +9.6% |
| 2020 | 6.99 billion BoP, current US$ | -2.7% |
| 2021 | 8.14 billion BoP, current US$ | +16.4% |
| 2022 | 9.85 billion BoP, current US$ | +21.1% |
| 2023 | 13.91 billion BoP, current US$ | +41.2% |
| 2024 | 14.75 billion BoP, current US$ | +6.0% |
Mongolia compared with similar countries
- Mongolia's 14.75 billion BoP, current US$ is above the median for upper middle income countries, which is 12.77 billion BoP, current US$, 1.2× the median. (57 countries reporting)
- Mongolia's 14.75 billion BoP, current US$ is above the median for East Asia & Pacific, which is 10.29 billion BoP, current US$, 1.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 651.06 million BoP, current US$ | 438.10 million BoP, current US$ | 829.10 million BoP, current US$ | 9 |
| 1990s | 423.93 million BoP, current US$ | 346.50 million BoP, current US$ | 568.50 million BoP, current US$ | 10 |
| 2000s | 1.20 billion BoP, current US$ | 523.16 million BoP, current US$ | 2.51 billion BoP, current US$ | 10 |
| 2010s | 4.88 billion BoP, current US$ | 2.91 billion BoP, current US$ | 7.18 billion BoP, current US$ | 10 |
| 2020s | 10.73 billion BoP, current US$ | 6.99 billion BoP, current US$ | 14.75 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
- 83 Uruguay 16.09 billion BoP, current US$ compare
- 84 Dominican Republic 15.96 billion BoP, current US$ compare
- 85 Paraguay 15.42 billion BoP, current US$ compare
- 87 Papua New Guinea 13.40 billion BoP, current US$ compare
- 88 Guatemala 13.33 billion BoP, current US$ compare
- 89 Jordan 13.29 billion BoP, 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is goods exports in Mongolia?
- Goods exports in Mongolia was 14.75 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods exports recorded in Mongolia?
- The highest recorded value was 14.75 billion BoP, current US$ in 2024.
- What is the lowest goods exports recorded in Mongolia?
- The lowest recorded value was 346.50 million BoP, current US$ in 1991.
- How does Mongolia rank for goods exports?
- Mongolia ranks 86th out of 200 countries with data for 2024.
- Is goods exports rising or falling in Mongolia?
- Over the last ten years it is up 169.6%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of goods occur when there are changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. 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.