Mongolia's merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 43.68% in 2023, the latest year in the World Bank's World Development Indicators. That is up 12.28 percentage points from 31.41% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 43.68% | 2023 |
| Five years earlier | 36.25% | 2018 |
| Ten years earlier | 31.41% | 2013 |
| Highest | 43.68% | 2023 |
| Lowest | 7.91% | 1982 |
| Average since 2014 | 38.01% | 2014–2023 |
| First recorded | 10.94% | 1981 |
What the numbers say
In 2023, Mongolia's merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rose 5.61 percentage points on 2022 (from 38.07% to 43.68%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +0.8 percentage points and a typical year strayed about 3.02 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 15.97 percentage points in 1987 and the biggest yearly fall was 10.05 percentage points in 1988. 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 0.5 percentage points a year. A straight line explains 35% 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 13th 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.
| Value | Year | |
|---|---|---|
| Mongolia | 43.68% | 2023 |
| World | 20.78% | 2023 |
| East Asia & Pacific | 30.64% | 2023 |
| Upper middle income | 23.51% | 2023 |
Closest to Mongolia in the 2023 ranking
- Philippines — 10th of 204: 47.53%
- Viet Nam — 11th of 204: 46.29%
- Kyrgyz Republic — 12th of 204: 43.86%
- Indonesia — 14th of 204: 41.11%
- Australia — 15th of 204: 39.96%
- Bangladesh — 16th of 204: 39.93%
What this measures
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 43 values
| Year | Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) |
|---|---|
| 2023 | 43.68 |
| 2022 | 38.07 |
| 2021 | 39.53 |
| 2020 | 38.98 |
| 2019 | 36.13 |
| 2018 | 36.25 |
| 2017 | 35.63 |
| 2016 | 35.56 |
| 2015 | 39.66 |
| 2014 | 36.62 |
Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in nearby economies
- American Samoa — 30.18% (2023)
- Australia — 39.96% (2023)
- Brunei Darussalam — 52.27% (2023)
- Cambodia — 80.93% (2023)
- China — 15.21% (2023)
- Fiji — 24.33% (2023)
- French Polynesia
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 imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)?
- 43.68% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 32.75 percentage points from 10.94% in 1981. The highest value was 43.68% in 2023 and the lowest 7.91% in 1982.
- How does Mongolia rank?
- 13th highest of 204 economies with data for 2023.
- Is the latest change in merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) unusual for Mongolia?
Source
World Bank, World Development Indicators, indicator TM.VAL.MRCH.R1.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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