Mongolia: Taxes on international trade (current LCU)

Key figures

What the numbers say

In 2024, Mongolia's taxes on international trade (current LCU) rose 22.3% on 2023 (from 1.47 trillion to 1.79 trillion).

Across the 28 yearly changes before that (1993 to 2023), the average change was +49.9% and a typical year strayed about 115.6% from that (the standard deviation). This year's change was 0.2 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 497.3% in 1999 and the biggest yearly fall was 82.8% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 153.48 billion 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 2024, Mongolia had the 9th highest value of the 68 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 2024 ranking

• Paraguay — 6th of 68: 3.68 trillion
• Uganda — 7th of 68: 2.58 trillion
• Russian Federation — 8th of 68: 2.52 trillion
• Madagascar — 10th of 68: 1.68 trillion
• Philippines — 11th of 68: 916.67 billion
• Chile — 12th of 68: 671.1 billion

What this measures

Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 31 values

Taxes on international trade (current LCU) in nearby economies

• Australia — 16.95 billion (2022)
• Cambodia — 2.52 trillion (2023)
• China — 250.94 billion (2024)
• Fiji — 495.11 million (2024)
• Kiribati — 1.79 million (2023)
• Korea, Rep. — 7.02 trillion (2024)
• Lao PDR — 2.59 trillion (2022)
• Malaysia — 5.17 billion (2024)
• Marshall Islands — 9.27 million (2020)
• Micronesia, Fed. Sts. — 6.2 million (2020)

More public sector data for Mongolia

• Military expenditure (current LCU) — 784.57 billion (2025)
• Military expenditure (% of GDP) — 0.88% (2025)
• Military expenditure (% of general government expenditure) — 2.47% (2025)
• Arms imports (SIPRI trend indicator values) — 3 million (2022)
• Military expenditure (current USD) — 221.32 million (2025)
• Armed forces personnel, total — 18,000 (2020)
• Net acquisition of financial assets (current LCU) — 1.88 trillion (2024)
• Net acquisition of financial assets (% of GDP) — 2.34% (2024)
• Net incurrence of liabilities, total (current LCU) — 420.26 billion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Mongolia's taxes on international trade (current LCU)?

1.79 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 123,595% from 1.45 billion in 1992 (24.92% a year on average, compounded). The highest value was 1.79 trillion in 2024 and the lowest 1.45 billion in 1992.

How does Mongolia rank?

9th highest of 68 economies with data for 2024.

Is the latest change in taxes on international trade (current LCU) unusual for Mongolia?

In 2024, Mongolia's taxes on international trade (current LCU) rose 22.3% on 2023 (from 1.47 trillion to 1.79 trillion). Across the 28 yearly changes before that (1993 to 2023), the average change was +49.9% and a typical year strayed about 115.6% from that (the standard deviation). This year's change was 0.2 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 GC.TAX.INTT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, 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.