Bound rate, simple mean, all products in Mongolia
Mongolia: Bound rate, simple mean, all products was 17.6% in 2021. ▬ Flat
Bound rate, simple mean, all products in Mongolia, 1999–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Mongolia is 17.6%, measured in 2021. That is the highest value across all 20 years on record.
The figure is up 0.6% over ten years.
Over the whole period, bound rate, simple mean, all products in Mongolia peaked at 17.6% in 2017 and was at its lowest, 17.5%, in 2007.
That places Mongolia 96th out of 157 countries with data for 2021, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.5% | 17.5% | 17.5% | 1 |
| 2000s | 17.5% | 17.5% | 17.5% | 10 |
| 2010s | 17.5% | 17.5% | 17.6% | 7 |
| 2020s | 17.6% | 17.6% | 17.6% | 2 |
Countries ranked near Mongolia
More private sector data for Mongolia
- Merchandise trade 106.7% (2025)
- Food imports 11.0% (2023)
- Manufactures imports 65.3% (2023)
- Merchandise imports 11.31 billion current US$ (2025)
- Food exports 3.3% (2023)
- Manufactures exports 1.7% (2023)
- Merchandise exports 15.76 billion current US$ (2025)
- Commercial service exports 1.60 billion current US$ (2024)
- Transport services 28.8% (2024)
- Computer, communications and other services 33.2% (2024)
Frequently asked questions
- What is bound rate, simple mean, all products in Mongolia?
- Bound rate, simple mean, all products in Mongolia was 17.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Mongolia?
- The highest recorded value was 17.6% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Mongolia?
- The lowest recorded value was 17.5% in 2007.
- How does Mongolia rank for bound rate, simple mean, all products?
- Mongolia ranks 96th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Mongolia?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is flat.
- Where does this Mongolia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.