Mongolia: Terms of trade

* indicates monthly or quarterly data series
 Mongolia

Terms of trade, base year = 2000

 Latest value 147.7
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 107.71
 Min - Max 65.73 - 147.7
 Source The United Nations
For that indicator, we provide data for Mongolia from 2000 to 2021. The average value for Mongolia during that period was 107.71 percent with a minimum of 65.73 percent in 2001 and a maximum of 147.7 percent in 2021. The latest value from 2021 is 147.7 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 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 - Terms of trade - recent values

Historical chart
Mongolia - Terms of trade - historical chart - 2000-2021




The terms of trade for Mongolia are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 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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