Imports of goods and services in Mongolia
Mongolia: Imports of goods and services was 16.59 billion BoP, current US$ in 2024. ◆ Volatile
Imports of goods and services in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, imports of goods and services in Mongolia stood at 16.59 billion BoP, current US$. That is the highest value across all 44 years on record.
Compared with earlier readings it is up 22.5% on the previous year and up 130.8% over ten years.
Over the whole period, imports of goods and services in Mongolia peaked at 16.59 billion BoP, current US$ in 2024 and was at its lowest, 404.05 million BoP, current US$, in 1993.
That places Mongolia 103rd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 1.27 billion BoP, current US$ | — |
| 1982 | 1.39 billion BoP, current US$ | +9.5% |
| 1983 | 1.41 billion BoP, current US$ | +0.9% |
| 1984 | 1.35 billion BoP, current US$ | -4.0% |
| 1985 | 1.41 billion BoP, current US$ | +4.1% |
| 1986 | 1.88 billion BoP, current US$ | +34.0% |
| 1987 | 1.89 billion BoP, current US$ | +0.1% |
| 1988 | 1.92 billion BoP, current US$ | +2.0% |
| 1989 | 1.98 billion BoP, current US$ | +2.9% |
| 1990 | 1.08 billion BoP, current US$ | -45.6% |
| 1991 | 504.15 million BoP, current US$ | -53.1% |
| 1992 | 447.14 million BoP, current US$ | -11.3% |
| 1993 | 404.05 million BoP, current US$ | -9.6% |
| 1994 | 424.56 million BoP, current US$ | +5.1% |
| 1995 | 521.10 million BoP, current US$ | +22.7% |
| 1996 | 572.50 million BoP, current US$ | +9.9% |
| 1997 | 593.12 million BoP, current US$ | +3.6% |
| 1998 | 671.90 million BoP, current US$ | +13.3% |
| 1999 | 652.31 million BoP, current US$ | -2.9% |
| 2000 | 771.06 million BoP, current US$ | +18.2% |
| 2001 | 828.80 million BoP, current US$ | +7.5% |
| 2002 | 946.67 million BoP, current US$ | +14.2% |
| 2003 | 1.08 billion BoP, current US$ | +14.5% |
| 2004 | 1.41 billion BoP, current US$ | +29.7% |
| 2005 | 1.57 billion BoP, current US$ | +11.4% |
| 2006 | 1.83 billion BoP, current US$ | +16.6% |
| 2007 | 2.47 billion BoP, current US$ | +35.1% |
| 2008 | 3.77 billion BoP, current US$ | +52.7% |
| 2009 | 2.63 billion BoP, current US$ | -30.2% |
| 2010 | 3.87 billion BoP, current US$ | +47.1% |
| 2011 | 8.09 billion BoP, current US$ | +109.2% |
| 2012 | 8.91 billion BoP, current US$ | +10.0% |
| 2013 | 8.40 billion BoP, current US$ | -5.7% |
| 2014 | 7.19 billion BoP, current US$ | -14.4% |
| 2015 | 5.29 billion BoP, current US$ | -26.4% |
| 2016 | 5.61 billion BoP, current US$ | +6.0% |
| 2017 | 6.52 billion BoP, current US$ | +16.4% |
| 2018 | 8.48 billion BoP, current US$ | +30.0% |
| 2019 | 9.25 billion BoP, current US$ | +9.1% |
| 2020 | 7.34 billion BoP, current US$ | -20.6% |
| 2021 | 9.26 billion BoP, current US$ | +26.1% |
| 2022 | 12.11 billion BoP, current US$ | +30.9% |
| 2023 | 13.54 billion BoP, current US$ | +11.8% |
| 2024 | 16.59 billion BoP, current US$ | +22.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.61 billion BoP, current US$ | 1.27 billion BoP, current US$ | 1.98 billion BoP, current US$ | 9 |
| 1990s | 586.66 million BoP, current US$ | 404.05 million BoP, current US$ | 1.08 billion BoP, current US$ | 10 |
| 2000s | 1.73 billion BoP, current US$ | 771.06 million BoP, current US$ | 3.77 billion BoP, current US$ | 10 |
| 2010s | 7.16 billion BoP, current US$ | 3.87 billion BoP, current US$ | 9.25 billion BoP, current US$ | 10 |
| 2020s | 11.77 billion BoP, current US$ | 7.34 billion BoP, current US$ | 16.59 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
- 100 Iran 17.50 billion BoP, current US$ compare
- 101 Myanmar 17.36 billion BoP, current US$ compare
- 102 Tanzania 16.99 billion BoP, current US$ compare
- 104 Iceland 16.39 billion BoP, current US$ compare
- 105 Armenia 16.24 billion BoP, current US$ compare
- 106 Uganda 16.12 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3,209 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 22.81 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5992 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 4,259 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1,181 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is imports of goods and services in Mongolia?
- Imports of goods and services in Mongolia was 16.59 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Mongolia?
- The highest recorded value was 16.59 billion BoP, current US$ in 2024.
- What is the lowest imports of goods and services recorded in Mongolia?
- The lowest recorded value was 404.05 million BoP, current US$ in 1993.
- How does Mongolia rank for imports of goods and services?
- Mongolia ranks 103rd out of 199 countries with data for 2024.
- Is imports of goods and services rising or falling in Mongolia?
- Over the last ten years it is up 130.8%. 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 Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.