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
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$, in 2012.
Mongolia ranks 99th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -896.15 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 5.4% (2025)
- Inflation of consumer prices 8.6% (2025)
- GDP per capita 4,882 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.9% (2025)
- Gross domestic product (GDP) 17.42 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,882 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (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 198 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.
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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.