Mongolia: Fuel exports (% of merchandise exports)

Key figures

What the numbers say

In 2023, Mongolia's fuel exports (% of merchandise exports) rose 7.23 percentage points on 2022 (from 53.88% to 61.11%).

Across the 20 yearly changes before that (1997 to 2022), the average change was +1.21 percentage points and a typical year strayed about 7.86 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 20.81 percentage points in 2022 and the biggest yearly fall was 15.62 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 3.29 percentage points a year. A straight line explains 56% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Mongolia had the 4th highest value of the 23 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mongolia in the 2023 ranking

• Congo, Rep. — 1st of 23: 85.86%
• United Arab Emirates — 2nd of 23: 68.2%
• Iran, Islamic Rep. — 3rd of 23: 68.03%
• Cameroon — 5th of 23: 54.07%
• Gabon — 6th of 23: 53.99%
• Papua New Guinea — 7th of 23: 42.65%

What this measures

Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.

Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 23 values

Fuel exports (% of merchandise exports) in nearby economies

• Australia — 26.89% (2025)
• Brunei Darussalam — 74.98% (2025)
• Cambodia — 0.000001% (2024)
• China — 1.36% (2025)
• Fiji — 0.11% (2025)
• French Polynesia — 0.03% (2022)
• Hong Kong SAR, China — 0.08% (2025)
• Indonesia — 16.01% (2025)
• Japan — 1.18% (2025)
• Kiribati — 0.02% (2021)

More private sector & trade data for Mongolia

• Merchandise trade (% of GDP) — 106.72% (2025)
• Merchandise imports (current US$) — US$11.31 billion (2025)
• Merchandise exports (current US$) — US$15.76 billion (2025)
• Computer, communications and other services (% of commercial service imports) — 31.61% (2025)
• Commercial service imports (current US$) — US$4.77 billion (2025)
• Transport services (% of commercial service imports) — 25.59% (2025)
• Commercial service exports (current US$) — US$1.92 billion (2025)
• Travel services (% of commercial service imports) — 36.25% (2025)
• Computer, communications and other services (% of commercial service exports)

Reading data like this

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Questions people ask

What is Mongolia's fuel exports (% of merchandise exports)?

61.11% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 61.08 percentage points from 0.03% in 1996. The highest value was 61.11% in 2023 and the lowest 0.03% in 1996.

How does Mongolia rank?

4th highest of 23 economies with data for 2023.

Is the latest change in fuel exports (% of merchandise exports) unusual for Mongolia?

In 2023, Mongolia's fuel exports (% of merchandise exports) rose 7.23 percentage points on 2022 (from 53.88% to 61.11%). Across the 20 yearly changes before that (1997 to 2022), the average change was +1.21 percentage points and a typical year strayed about 7.86 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TX.VAL.FUEL.ZS.UN, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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