Merchandise exports by the reporting economy (current US$) in Mongolia
Mongolia: Merchandise exports by the reporting economy (current US$) was 15.21 billion current US$ in 2023. ◆ Volatile
Merchandise exports by the reporting economy in Mongolia, 1981–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Mongolia recorded 15.21 billion current US$ for merchandise exports by the reporting economy in 2023. That is the highest value across all 43 years on record.
The figure is up 21.3% on the previous year and up 256.2% over ten years.
Over the whole period, merchandise exports by the reporting economy in Mongolia peaked at 15.21 billion current US$ in 2023 and was at its lowest, 32.30 million current US$, in 1983.
That places Mongolia 79th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 43.84 million current US$ | — |
| 1982 | 39.29 million current US$ | -10.4% |
| 1983 | 32.30 million current US$ | -17.8% |
| 1984 | 40.99 million current US$ | +26.9% |
| 1985 | 47.04 million current US$ | +14.8% |
| 1986 | 47.18 million current US$ | +0.3% |
| 1987 | 54.92 million current US$ | +16.4% |
| 1988 | 66.05 million current US$ | +20.3% |
| 1989 | 83.48 million current US$ | +26.4% |
| 1990 | 78.75 million current US$ | -5.7% |
| 1991 | 57.85 million current US$ | -26.5% |
| 1992 | 379.50 million current US$ | +556.0% |
| 1993 | 379.78 million current US$ | +0.1% |
| 1994 | 354.00 million current US$ | -6.8% |
| 1995 | 471.08 million current US$ | +33.1% |
| 1996 | 421.98 million current US$ | -10.4% |
| 1997 | 451.54 million current US$ | +7.0% |
| 1998 | 345.14 million current US$ | -23.6% |
| 1999 | 358.29 million current US$ | +3.8% |
| 2000 | 535.83 million current US$ | +49.6% |
| 2001 | 596.15 million current US$ | +11.3% |
| 2002 | 471.05 million current US$ | -21.0% |
| 2003 | 615.86 million current US$ | +30.7% |
| 2004 | 851.88 million current US$ | +38.3% |
| 2005 | 1.05 billion current US$ | +23.7% |
| 2006 | 1.54 billion current US$ | +46.3% |
| 2007 | 1.95 billion current US$ | +26.3% |
| 2008 | 2.53 billion current US$ | +30.1% |
| 2009 | 1.89 billion current US$ | -25.6% |
| 2010 | 2.91 billion current US$ | +54.3% |
| 2011 | 4.82 billion current US$ | +65.6% |
| 2012 | 4.38 billion current US$ | -9.0% |
| 2013 | 4.27 billion current US$ | -2.6% |
| 2014 | 5.77 billion current US$ | +35.2% |
| 2015 | 4.67 billion current US$ | -19.1% |
| 2016 | 4.92 billion current US$ | +5.4% |
| 2017 | 6.20 billion current US$ | +25.9% |
| 2018 | 7.01 billion current US$ | +13.1% |
| 2019 | 7.62 billion current US$ | +8.7% |
| 2020 | 7.58 billion current US$ | -0.6% |
| 2021 | 9.24 billion current US$ | +22.0% |
| 2022 | 12.54 billion current US$ | +35.7% |
| 2023 | 15.21 billion current US$ | +21.3% |
Mongolia compared with similar countries
- Mongolia's 15.21 billion current US$ is above the median for upper middle income countries, which is 11.56 billion current US$, 1.3× the median. (59 countries reporting)
- Mongolia's 15.21 billion current US$ is above the median for East Asia & Pacific, which is 5.00 billion current US$, 3.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) 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 |
|---|---|---|---|
| 1992 | +556.0% | 57.85 million current US$ | 379.50 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 50.57 million current US$ | 32.30 million current US$ | 83.48 million current US$ | 9 |
| 1990s | 329.79 million current US$ | 57.85 million current US$ | 471.08 million current US$ | 10 |
| 2000s | 1.20 billion current US$ | 471.05 million current US$ | 2.53 billion current US$ | 10 |
| 2010s | 5.26 billion current US$ | 2.91 billion current US$ | 7.62 billion current US$ | 10 |
| 2020s | 11.14 billion current US$ | 7.58 billion current US$ | 15.21 billion current US$ | 4 |
Countries ranked near Mongolia
- 76 Cote d'Ivoire 18.06 billion current US$ compare
- 77 Luxembourg 16.87 billion current US$ compare
- 78 Ghana 16.78 billion current US$ compare
- 80 Myanmar 14.68 billion current US$ compare
- 81 Turkmenistan 14.39 billion current US$ compare
- 82 Guatemala 14.19 billion current US$ compare
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$), annual growth rate -0.1394 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Mongolia?
- Merchandise exports by the reporting economy in Mongolia was 15.21 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Mongolia?
- The highest recorded value was 15.21 billion current US$ in 2023.
- What is the lowest merchandise exports by the reporting economy recorded in Mongolia?
- The lowest recorded value was 32.30 million current US$ in 1983.
- How does Mongolia rank for merchandise exports by the reporting economy?
- Mongolia ranks 79th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Mongolia?
- Over the last ten years it is up 256.2%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 43 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.