Commercial service exports in Mongolia
Mongolia: Commercial service exports was 1.60 billion current US$ in 2024. ◆ Volatile
Commercial service exports in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2024, commercial service exports in Mongolia stood at 1.60 billion current US$. That is the highest value across all 44 years on record.
The figure is up 1.0% on the previous year and up 164.8% over ten years.
Over the whole period, commercial service exports in Mongolia peaked at 1.60 billion current US$ in 2024 and was at its lowest, 24.60 million current US$, in 1993.
That places Mongolia 119th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 37.30 million current US$ | — |
| 1982 | 48.50 million current US$ | +30.0% |
| 1983 | 55.30 million current US$ | +14.0% |
| 1984 | 52.60 million current US$ | -4.9% |
| 1985 | 70.10 million current US$ | +33.3% |
| 1986 | 84.20 million current US$ | +20.1% |
| 1987 | 89.00 million current US$ | +5.7% |
| 1988 | 94.30 million current US$ | +6.0% |
| 1989 | 36.40 million current US$ | -61.4% |
| 1990 | 48.10 million current US$ | +32.1% |
| 1991 | 26.50 million current US$ | -44.9% |
| 1992 | 28.50 million current US$ | +7.5% |
| 1993 | 24.60 million current US$ | -13.7% |
| 1994 | 34.50 million current US$ | +40.2% |
| 1995 | 47.30 million current US$ | +37.1% |
| 1996 | 43.10 million current US$ | -8.9% |
| 1997 | 50.20 million current US$ | +16.5% |
| 1998 | 74.80 million current US$ | +49.0% |
| 1999 | 68.55 million current US$ | -8.4% |
| 2000 | 73.81 million current US$ | +7.7% |
| 2001 | 109.26 million current US$ | +48.0% |
| 2002 | 179.31 million current US$ | +64.1% |
| 2003 | 202.72 million current US$ | +13.1% |
| 2004 | 329.03 million current US$ | +62.3% |
| 2005 | 409.10 million current US$ | +24.3% |
| 2006 | 482.91 million current US$ | +18.0% |
| 2007 | 570.52 million current US$ | +18.1% |
| 2008 | 516.90 million current US$ | -9.4% |
| 2009 | 415.49 million current US$ | -19.6% |
| 2010 | 482.77 million current US$ | +16.2% |
| 2011 | 516.90 million current US$ | +7.1% |
| 2012 | 647.08 million current US$ | +25.2% |
| 2013 | 684.94 million current US$ | +5.9% |
| 2014 | 604.13 million current US$ | -11.8% |
| 2015 | 685.87 million current US$ | +13.5% |
| 2016 | 797.90 million current US$ | +16.3% |
| 2017 | 963.60 million current US$ | +20.8% |
| 2018 | 1.15 billion current US$ | +19.8% |
| 2019 | 1.23 billion current US$ | +6.4% |
| 2020 | 651.19 million current US$ | -47.0% |
| 2021 | 811.24 million current US$ | +24.6% |
| 2022 | 1.13 billion current US$ | +39.6% |
| 2023 | 1.58 billion current US$ | +39.8% |
| 2024 | 1.60 billion current US$ | +1.0% |
Mongolia compared with similar countries
- Mongolia's 1.60 billion current US$ is below the median for upper middle income countries, which is 4.87 billion current US$, 33% of the median. (57 countries reporting)
- Mongolia's 1.60 billion current US$ is below the median for East Asia & Pacific, which is 1.73 billion current US$, 92% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 63.08 million current US$ | 36.40 million current US$ | 94.30 million current US$ | 9 |
| 1990s | 44.61 million current US$ | 24.60 million current US$ | 74.80 million current US$ | 10 |
| 2000s | 328.91 million current US$ | 73.81 million current US$ | 570.52 million current US$ | 10 |
| 2010s | 776.61 million current US$ | 482.77 million current US$ | 1.23 billion current US$ | 10 |
| 2020s | 1.16 billion current US$ | 651.19 million current US$ | 1.60 billion current US$ | 5 |
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)
- Merchandise exports (current US$), per capita 4,416 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.6213 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -0.1394 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Mongolia?
- Commercial service exports in Mongolia was 1.60 billion current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Mongolia?
- The highest recorded value was 1.60 billion current US$ in 2024.
- What is the lowest commercial service exports recorded in Mongolia?
- The lowest recorded value was 24.60 million current US$ in 1993.
- How does Mongolia rank for commercial service exports?
- Mongolia ranks 119th out of 200 countries with data for 2024.
- Is commercial service exports rising or falling in Mongolia?
- Over the last ten years it is up 164.8%. 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 Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-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.