Net trade in goods and services in Mongolia
Mongolia: Net trade in goods and services was -235.74 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-235.74 million BoP, current US$
Change on year
down 112.0%
World rank
99th
of 200 countries
All-time high
1.96 billion BoP, current US$
in 2023
All-time low
-4.46 billion BoP, current US$
in 2012
Years of data
44
1981–2024
Net trade in 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$.
Analysis
Mongolia recorded -235.74 million BoP, current US$ for net trade in goods and services in 2024.
That represents a change of down 112.0% on the previous year and up 78.8% over ten years.
Over the whole period, net trade in goods and services in Mongolia peaked at 1.96 billion BoP, current US$ in 2023 and was at its lowest, -4.46 billion BoP, current US$, in 2012.
Mongolia ranks 99th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | -796.50 million BoP, current US$ | — |
| 1982 | -825.00 million BoP, current US$ | +3.6% |
| 1983 | -792.90 million BoP, current US$ | -3.9% |
| 1984 | -700.60 million BoP, current US$ | -11.6% |
| 1985 | -768.40 million BoP, current US$ | +9.7% |
| 1986 | -1.06 billion BoP, current US$ | +37.8% |
| 1987 | -979.00 million BoP, current US$ | -7.5% |
| 1988 | -998.80 million BoP, current US$ | +2.0% |
| 1989 | -1.15 billion BoP, current US$ | +14.7% |
| 1990 | -582.84 million BoP, current US$ | -49.1% |
| 1991 | -131.15 million BoP, current US$ | -77.5% |
| 1992 | -56.54 million BoP, current US$ | -56.9% |
| 1993 | -12.25 million BoP, current US$ | -78.3% |
| 1994 | -12.16 million BoP, current US$ | -0.7% |
| 1995 | -12.80 million BoP, current US$ | +5.3% |
| 1996 | -93.40 million BoP, current US$ | +629.7% |
| 1997 | 28.08 million BoP, current US$ | -130.1% |
| 1998 | -131.70 million BoP, current US$ | -569.0% |
| 1999 | -127.07 million BoP, current US$ | -3.5% |
| 2000 | -157.72 million BoP, current US$ | +24.1% |
| 2001 | -192.10 million BoP, current US$ | +21.8% |
| 2002 | -238.19 million BoP, current US$ | +24.0% |
| 2003 | -248.75 million BoP, current US$ | +4.4% |
| 2004 | -195.39 million BoP, current US$ | -21.4% |
| 2005 | -85.90 million BoP, current US$ | -56.0% |
| 2006 | 203.39 million BoP, current US$ | -336.8% |
| 2007 | 57.01 million BoP, current US$ | -72.0% |
| 2008 | -738.68 million BoP, current US$ | -1395.6% |
| 2009 | -332.01 million BoP, current US$ | -55.1% |
| 2010 | -474.92 million BoP, current US$ | +43.0% |
| 2011 | -3.52 billion BoP, current US$ | +640.6% |
| 2012 | -4.46 billion BoP, current US$ | +26.7% |
| 2013 | -3.92 billion BoP, current US$ | -12.1% |
| 2014 | -1.11 billion BoP, current US$ | -71.6% |
| 2015 | -152.86 million BoP, current US$ | -86.2% |
| 2016 | -497,136 BoP, current US$ | -99.7% |
| 2017 | 277.60 million BoP, current US$ | -55940.7% |
| 2018 | -763.75 million BoP, current US$ | -375.1% |
| 2019 | -833.60 million BoP, current US$ | +9.1% |
| 2020 | 305.32 million BoP, current US$ | -136.6% |
| 2021 | -305.73 million BoP, current US$ | -200.1% |
| 2022 | -1.12 billion BoP, current US$ | +267.2% |
| 2023 | 1.96 billion BoP, current US$ | -274.3% |
| 2024 | -235.74 million BoP, current US$ | -112.0% |
Mongolia compared with similar countries
- Mongolia's -235.74 million BoP, current US$ is above the median for upper middle income countries, which is -288.45 million BoP, current US$, 82% of the median. (57 countries reporting)
- Mongolia's -235.74 million BoP, current US$ is below the median for East Asia & Pacific, which is -105.08 million BoP, current US$, 2.2× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +55940.7% | -497,136 BoP, current US$ | 277.60 million BoP, current US$ |
| 2008 | -1395.6% | 57.01 million BoP, current US$ | -738.68 million BoP, current US$ |
| 2011 | -640.6% | -474.92 million BoP, current US$ | -3.52 billion BoP, current US$ |
| 1996 | -629.7% | -12.80 million BoP, current US$ | -93.40 million BoP, current US$ |
| 1998 | -569.0% | 28.08 million BoP, current US$ | -131.70 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -896.15 million BoP, current US$ | -1.15 billion BoP, current US$ | -700.60 million BoP, current US$ | 9 |
| 1990s | -113.18 million BoP, current US$ | -582.84 million BoP, current US$ | 28.08 million BoP, current US$ | 10 |
| 2000s | -192.83 million BoP, current US$ | -738.68 million BoP, current US$ | 203.39 million BoP, current US$ | 10 |
| 2010s | -1.50 billion BoP, current US$ | -4.46 billion BoP, current US$ | 277.60 million BoP, current US$ | 10 |
| 2020s | 119.54 million BoP, current US$ | -1.12 billion BoP, current US$ | 1.96 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
- 96 Samoa -195.43 million BoP, current US$ compare
- 97 Solomon Islands -214.25 million BoP, current US$ compare
- 98 Chad -221.38 million BoP, current US$ compare
- 100 Saint Vincent and the Grenadines -236.56 million BoP, current US$ compare
- 101 Dominica -272.18 million BoP, current US$ compare
- 102 Tonga -288.45 million 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services in Mongolia?
- Net trade in goods and services in Mongolia was -235.74 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Mongolia?
- The highest recorded value was 1.96 billion BoP, current US$ in 2023.
- What is the lowest net trade in goods and services recorded in Mongolia?
- The lowest recorded value was -4.46 billion BoP, current US$ in 2012.
- How does Mongolia rank for net trade in goods and services?
- Mongolia ranks 99th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Mongolia?
- Over the last ten years it is up 78.8%. 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 Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.