Mongolia: Growth of exports

* indicates monthly or quarterly data series
 Mongolia

Exports of goods and services, annual growth

 Latest value 32.27
 Year 2022
 Measure percent
 Data availability 2011 - 2022
 Average 11.86
 Min - Max -14.63 - 53.17
 Source The World Bank
For that indicator, we provide data for Mongolia from 2011 to 2022. The average value for Mongolia during that period was 11.86 percent with a minimum of -14.63 percent in 2021 and a maximum of 53.17 percent in 2014. The latest value from 2022 is 32.27 percent. For comparison, the world average in 2022 based on 137 countries is 11.94 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Mongolia - Growth of exports - recent values

Historical chart
Mongolia - Growth of exports - historical chart - 2011-2022




Definition: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 147.70 2021 percent
 Trade openness 136.33 2022 percent
 Financial openness 1.610 2021 index points
 Exports, percent of GDP 65.06 2022 percent
 Exports, billion dollars 11.16 2022 billion U.S. dollars
 Growth of exports 32.27 2022 percent
 Imports, percent of GDP 71.27 2022 percent
 Imports, billion dollars 12.22 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 14.61 2022 percent
 Foreign Direct Investment, billion dollars 2.50 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.37 2022 million dollars (current)
 Current account, percent of GDP -19.50 2022 percent
 Current account, in dollars -2.30 2022 billion U.S. dollars
 Trade balance, percent of GDP -6.21 2022 percent
 Trade balance, in dollars -1.12 2022 billion U.S. dollars
 Reserves 3.40 2022 billion U.S. dollars
 Remittances, percent of GDP 2.33 2022 percent
 Remittances 399.22 2022 million U.S. dollars
 Net errors and omissions -222.06 2022 million USD
 External debt 224.08 2022 percent
 Short-term external debt 6.16 2022 percent
 Short-term debt to reserves 61.19 2022 percent
 Foreign exchange reserves 4.12 9/2023 billion
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