Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Mongolia

Merchandise trade (% of GDP) in Mongolia in 2025 — 106.72%. Ranked 19 in the world out of 189. Since 1980, the indicator has risen by 61.46 pp.

2025 106.72% −8.43 pp vs 2024
World rank 19of 189
Period maximum 123.89%2022
Period minimum 29.8%1991

Trend over time

1980–2025 · % of GDP

Merchandise trade (% of GDP) — Mongolia, 1980–202505010015019801985199019952000200520102015202020251980: 45.26%1981: 50.78%1982: 52.93%1983: 56.43%1984: 78.57%1985: 81.59%1986: 64.05%1987: 60.29%1988: 57.79%1989: 47.08%1990: 61.9%1991: 29.8%1992: 61.25%1993: 99.17%1994: 66.32%1995: 61.15%1996: 65.02%1997: 87.81%1998: 85.82%1999: 91.45%2000: 101.24%2001: 91.4%2002: 87%2003: 88.82%2004: 94.93%2005: 89.12%2006: 88.72%2007: 94.59%2008: 109.46%2009: 88%2010: 85.92%2011: 109.67%2012: 90.48%2013: 84.46%2014: 90.07%2015: 72.87%2016: 74%2017: 91.79%2018: 97.79%2019: 96.77%2020: 96.71%2021: 105.24%2022: 123.89%2023: 120.23%2024: 115.14%2025: 106.72%
Change over the period: +61.46 pp Annual average: 1.37 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Mongolia

Mongolia 106.72%
World 43.89%
Eastern Asia computed 41.12%
Merchandise trade (% of GDP) — Mongolia, by year Mongolia All countries CSV XLSX
Year % Change, pp
2025 106.72 −8.43 pp
2024 115.14 −5.09 pp
2023 120.23 −3.66 pp
2022 123.89 +18.65 pp
2021 105.24 +8.53 pp
2020 96.71 −0.06 pp
2019 96.77 −1.02 pp
2018 97.79 +6 pp
2017 91.79 +17.79 pp
2016 74 +1.13 pp
2015 72.87 −17.2 pp
2014 90.07 +5.61 pp
2013 84.46 −6.02 pp
2012 90.48 −19.18 pp
2011 109.67 +23.75 pp
2010 85.92 −2.09 pp
2009 88 −21.45 pp
2008 109.46 +14.86 pp
2007 94.59 +5.87 pp
2006 88.72 −0.4 pp
2005 89.12 −5.8 pp
2004 94.93 +6.1 pp
2003 88.82 +1.82 pp
2002 87 −4.4 pp
2001 91.4 −9.84 pp
2000 101.24 +9.79 pp
1999 91.45 +5.63 pp
1998 85.82 −1.99 pp
1997 87.81 +22.79 pp
1996 65.02 +3.87 pp
1995 61.15 −5.17 pp
1994 66.32 −32.85 pp
1993 99.17 +37.92 pp
1992 61.25 +31.44 pp
1991 29.8 −32.09 pp
1990 61.9 +14.82 pp
1989 47.08 −10.72 pp
1988 57.79 −2.49 pp
1987 60.29 −3.76 pp
1986 64.05 −17.54 pp
1985 81.59 +3.02 pp
1984 78.57 +22.15 pp
1983 56.43 +3.49 pp
1982 52.93 +2.15 pp
1981 50.78 +5.52 pp
1980 45.26

Eastern Asia, 2025

The same indicator for neighboring countries — with links to their pages

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.