Mongolia: Ores and metals exports (% of merchandise exports)

Key figures

What the numbers say

In 2023, Mongolia's ores and metals exports (% of merchandise exports) fell 4.64 percentage points on 2022 (from 30.9% to 26.27%).

Across the 20 yearly changes before that (1997 to 2022), the average change was −0.57 percentage points and a typical year strayed about 8.83 percentage points from that (the standard deviation). This year's change was 0.5 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 14.86 percentage points in 2006 and the biggest yearly fall was 18.46 percentage points in 2022. 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 downward, about 2.88 percentage points a year. A straight line explains 64% 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 3rd highest value of the 24 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 2023 ranking

• Tajikistan — 1st of 24: 52.78%
• Papua New Guinea — 2nd of 24: 29.8%
• Gabon — 4th of 24: 23.31%
• Lao PDR — 5th of 24: 20.18%
• West Bank and Gaza — 6th of 24: 14.43%

What this measures

Ores and metals comprise the commodities in SITC (Rev. 3) sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals). Exports of services are services provided by residents to non-residents. This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-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.

Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 23 values

Ores and metals exports (% of merchandise exports) in nearby economies

• Australia — 34.64% (2025)
• Brunei Darussalam — 0.21% (2025)
• Cambodia — 2.19% (2024)
• China — 1.63% (2025)
• Fiji — 4.4% (2025)
• French Polynesia — 0.000692% (2024)
• Hong Kong SAR, China — 2.03% (2025)
• Indonesia — 9.15% (2025)
• Japan — 3.56% (2025)
• Kiribati

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Mongolia's ores and metals exports (% of merchandise exports)?

26.27% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 33.62 percentage points from 59.89% in 1996. The highest value was 61.2% in 2007 and the lowest 26.27% in 2023.

How does Mongolia rank?

3rd highest of 24 economies with data for 2023.

Is the latest change in ores and metals exports (% of merchandise exports) unusual for Mongolia?

In 2023, Mongolia's ores and metals exports (% of merchandise exports) fell 4.64 percentage points on 2022 (from 30.9% to 26.27%). Across the 20 yearly changes before that (1997 to 2022), the average change was −0.57 percentage points and a typical year strayed about 8.83 percentage points from that (the standard deviation). This year's change was 0.5 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 TX.VAL.MMTL.ZS.UN, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS); Staff estimates, World Bank (WB) 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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