Mongolia: Merchandise imports (current US$)

Key figures

What the numbers say

In 2025, Mongolia's merchandise imports (current US$) fell 2.6% on 2024 (from US$11.62 billion to US$11.31 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +17% and a typical year strayed about 29.4% from that (the standard deviation). This year's change was 0.7 standard deviations below 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 101.3% in 2011 and the biggest yearly fall was 60.9% 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 2016 to 2025 the straight-line trend is upward, about US$901.1 million a year. A straight line explains 93% 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 2025, Mongolia had the 110th highest value of the 204 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 2025 ranking

• Uruguay — 107th of 204: US$12.95 billion
• Nicaragua — 108th of 204: US$12.43 billion
• Senegal — 109th of 204: US$11.95 billion
• Iceland — 111th of 204: US$10.94 billion
• Moldova — 112th of 204: US$10.92 billion
• Lao PDR — 113th of 204: US$10.34 billion

What this measures

Merchandise imports includes goods whose economic ownership is changed from a non-resident to a 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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 46 values

Merchandise imports (current US$) in nearby economies

• American Samoa — US$678 million (2025)
• Australia — US$310.63 billion (2025)
• Brunei Darussalam — US$6.04 billion (2025)
• Cambodia — US$33.89 billion (2025)
• China — US$2.58 trillion (2025)
• Fiji — US$3.25 billion (2025)
• French Polynesia — US$2.45 billion (2025)
• Guam — US$937 million (2025)
• Hong Kong SAR, China — US$831.83 billion (2025)
• Indonesia — US$241.86 billion (2025)
• Japan

More private sector & trade data for Mongolia

• Merchandise trade (% of GDP) — 106.72% (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) — 22.64% (2025)
• Transport services (% of commercial service exports)

Reading data like this

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Questions people ask

What is Mongolia's merchandise imports (current US$)?

US$11.31 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 1,964% from US$548 million in 1980 (6.96% a year on average, compounded). The highest value was US$11.62 billion in 2024 and the lowest US$258 million in 1994.

How does Mongolia rank?

110th highest of 204 economies with data for 2025.

Is the latest change in merchandise imports (current US$) unusual for Mongolia?

In 2025, Mongolia's merchandise imports (current US$) fell 2.6% on 2024 (from US$11.62 billion to US$11.31 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +17% and a typical year strayed about 29.4% from that (the standard deviation). This year's change was 0.7 standard deviations below 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 TM.VAL.MRCH.CD.WT, licensed CC BY 4.0. Original source: World Trade Organization (WTO) 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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