Mongolia's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 0.08% in 2023, the latest year in the World Bank's World Development Indicators. That is up 0.04 percentage points from 0.04% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.08% | 2023 |
| Five years earlier | 0.00482% | 2018 |
| Ten years earlier | 0.04% | 2013 |
| Highest | 0.47% | 1990 |
| Lowest | 0.0000151% | 2022 |
| Average since 2014 | 0.01% | 2014–2023 |
| First recorded | 0.02% | 1982 |
What the numbers say
In 2023, Mongolia's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rose 0.08 percentage points on 2022 (from 0.0000151% to 0.08%).
Across the 26 yearly changes before that (1983 to 2022), the average change was −0.01 percentage points and a typical year strayed about 0.14 percentage points from that (the standard deviation). This year's change was 0.7 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 0.45 percentage points in 1990 and the biggest yearly fall was 0.45 percentage points in 1991. 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 0.00505 percentage points a year. A straight line explains 33% of the movement over 9 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 149th highest value of the 190 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.
| Value | Year | |
|---|---|---|
| Mongolia | 0.08% | 2023 |
| World | 5.05% | 2023 |
| East Asia & Pacific | 3.91% | 2023 |
| Upper middle income | 5.39% | 2023 |
Closest to Mongolia in the 2023 ranking
- Mozambique — 146th of 190: 0.11%
- Somalia, Fed. Rep. — 147th of 190: 0.1%
- Bahamas, The — 148th of 190: 0.1%
- Kazakhstan — 150th of 190: 0.07%
- Kosovo — 151st of 190: 0.06%
- Moldova — 152nd of 190: 0.06%
What this measures
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 31 values
| Year | Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) |
|---|---|
| 2023 | 0.0823 |
| 2022 | 0 |
| 2021 | no data |
| 2020 | 0.0003 |
| 2019 | 0.0017 |
| 2018 | 0.0048 |
| 2017 | 0.0055 |
| 2016 | 0.0015 |
| 2015 | 0.0006 |
| 2014 | 0.0002 |
Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in nearby economies
- American Samoa — 3.18% (2023)
- Australia — 0.7% (2023)
- Brunei Darussalam — 0.39% (2022)
- Cambodia — 0.7% (2023)
- China — 6% (2023)
- Fiji — 0.54% (2017)
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
Questions people ask
- What is Mongolia's merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?
- 0.08% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 0.06 percentage points from 0.02% in 1982. The highest value was 0.47% in 1990 and the lowest 0.0000151% in 2022.
- How does Mongolia rank?
- 149th highest of 190 economies with data for 2023.
- Is the latest change in merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) unusual for Mongolia?
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.R3.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) 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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