Mongolia: Trade openness

* indicates monthly or quarterly data series
 Mongolia

Trade openness: exports plus imports as percent of GDP

 Latest value 136.33
 Year 2022
 Measure percent
 Data availability 1981 - 2022
 Average 106.75
 Min - Max 58.62 - 136.6
 Source The World Bank
For that indicator, we provide data for Mongolia from 1981 to 2022. The average value for Mongolia during that period was 106.75 percent with a minimum of 58.62 percent in 1990 and a maximum of 136.6 percent in 1991. The latest value from 2022 is 136.33 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 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 - Trade openness - recent values

Historical chart
Mongolia - Trade openness - historical chart - 1981-2022




Definition: Exports plus imports as percent of GDP.


 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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