Mongolia's merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) was 0.85% in 2023, the latest year in the World Bank's World Development Indicators. That is up 0.26 percentage points from 0.59% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.85% | 2023 |
| Five years earlier | 1.05% | 2018 |
| Ten years earlier | 0.59% | 2013 |
| Highest | 1.21% | 2022 |
| Lowest | 0.07% | 1990 |
| Average since 2014 | 0.89% | 2014–2023 |
| First recorded | 0.11% | 1982 |
What the numbers say
In 2023, Mongolia's merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) fell 0.36 percentage points on 2022 (from 1.21% to 0.85%).
Across the 30 yearly changes before that (1991 to 2022), the average change was +0.04 percentage points and a typical year strayed about 0.21 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations below 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 0.61 percentage points in 1991 and the biggest yearly fall was 0.36 percentage points in 2023. 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 0.05 percentage points a year. A straight line explains 37% 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 165th 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.
| Value | Year | |
|---|---|---|
| Mongolia | 0.85% | 2023 |
| World | 2.25% | 2023 |
| East Asia & Pacific | 1.45% | 2023 |
| Upper middle income | 1.96% | 2023 |
Closest to Mongolia in the 2023 ranking
- China — 161st of 203: 0.96%
- Kyrgyz Republic — 162nd of 203: 0.93%
- Dominica — 163rd of 203: 0.87%
- Cambodia — 165th of 203: 0.84%
- Croatia — 166th of 203: 0.84%
- St. Vincent and the Grenadines — 167th of 203: 0.83%
What this measures
Merchandise imports from low- and middle-income economies in South Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the South Asia 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 37 values
| Year | Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) |
|---|---|
| 2023 | 0.8512 |
| 2022 | 1.21 |
| 2021 | 1.12 |
| 2020 | 0.8808 |
| 2019 | 0.7764 |
| 2018 | 1.05 |
| 2017 | 1.05 |
| 2016 | 0.9952 |
| 2015 | 0.6209 |
| 2014 | 0.3227 |
Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) in nearby economies
- American Samoa — 0.18% (2023)
- Australia — 2.75% (2023)
- Brunei Darussalam — 1.25% (2023)
- Cambodia — 0.84% (2023)
- China — 0.96% (2023)
- Fiji — 3.19% (2023)
- French Polynesia — 1.25% (2023)
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 South Asia (% of total merchandise imports)?
- 0.85% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 0.74 percentage points from 0.11% in 1982. The highest value was 1.21% in 2022 and the lowest 0.07% in 1990.
- How does Mongolia rank?
- 165th highest of 203 economies with data for 2023.
- Is the latest change in merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) unusual for Mongolia?
Source
World Bank, World Development Indicators, indicator TM.VAL.MRCH.R5.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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