Mongolia: Import volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Mongolia's import volume index (2015 = 100) rose 51.6 on 2023 (from 178.7 to 230.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was +7.88 and a typical year strayed about 21.57 from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 59.9 in 2011 and the biggest yearly fall was 26.2 in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 12.27 a year. A straight line explains 85% 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 2024, Mongolia had the 10th highest value of the 203 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 2024 ranking

• Cabo Verde — 7th of 203: 244.6
• Kyrgyz Republic — 8th of 203: 232.3
• Kiribati — 9th of 203: 231.4
• Viet Nam — 11th of 203: 215.7
• Guinea — 12th of 203: 212.8
• Rwanda — 13th of 203: 205.5

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Import volume index (2015 = 100) in nearby economies

• American Samoa — 102.2 (2024)
• Australia — 131 (2024)
• Brunei Darussalam — 163.8 (2024)
• Cambodia — 164.8 (2024)
• China — 131.7 (2024)
• Fiji — 117.4 (2024)
• French Polynesia — 121.9 (2024)
• Guam — 106.5 (2024)
• Hong Kong SAR, China — 97.7 (2024)
• Indonesia — 129.5 (2024)
• Japan — 102.2 (2024)

More trade data for Mongolia

• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 4.85% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.03% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 4.7% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 5% (2022)
• Binding coverage, all products (%) — 0% (2022)
• Tariff rate, applied, simple mean, all products (%) — 5.04% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 5.21% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Mongolia's import volume index (2015 = 100)?

230.3 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 525.82% from 36.8 in 2005 (10.13% a year on average, compounded). The highest value was 230.3 in 2024 and the lowest 36.8 in 2005.

How does Mongolia rank?

10th highest of 203 economies with data for 2024.

Is the latest change in import volume index (2015 = 100) unusual for Mongolia?

In 2024, Mongolia's import volume index (2015 = 100) rose 51.6 on 2023 (from 178.7 to 230.3). Across the 18 yearly changes before that (2006 to 2023), the average change was +7.88 and a typical year strayed about 21.57 from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TM.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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