Latin America & Caribbean vs Mongolia: Merchandise trade
Merchandise trade over time
- Latin America & Caribbean
- Mongolia
How they compare
Mongolia currently reports 106.7% against 44.2% in Latin America & Caribbean, a difference of 62.5%.
That makes Mongolia's figure about 2.4 times Latin America & Caribbean's.
Across all 46 years both countries report, Mongolia has been ahead every year.
Latin America & Caribbean ranks 24th and Mongolia ranks 21st of 47 groups.
Mongolia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 26.2% | 59.5% | 33.2% | Mongolia |
| 1990s | 25.9% | 71.0% | 45.1% | Mongolia |
| 2000s | 37.3% | 93.3% | 56.0% | Mongolia |
| 2010s | 37.1% | 89.4% | 52.3% | Mongolia |
| 2020s | 45.0% | 111.3% | 66.3% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade, Latin America & Caribbean or Mongolia?
- Mongolia, at 106.7% against 44.2% in Latin America & Caribbean as of 2025.
- What is the difference in merchandise trade between Latin America & Caribbean and Mongolia?
- 62.5%, with Mongolia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Mongolia?
- 46 years are reported by both, from 1980 to 2025.
- How do Latin America & Caribbean and Mongolia rank globally for merchandise trade?
- Latin America & Caribbean ranks 24th and Mongolia ranks 21st of 47 groups.
- Where does this data come from?
- World Trade Organization (WTO), published as Merchandise trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.