Mongolia Net Trade (Goods & Services, BoP)
Mongolia's net trade (goods & services, bop) fell to $1.96 billion in 2023, down from $-1.12 billion in 2022, according to World Bank. This represents a decrease of 274.3% ($3.08 billion) from the previous year. Mongolia has net trade (goods & services, bop) higher than the global median ($1.96 billion vs median -$215.12 million). Compared with the median in Asia, Mongolia is higher ($1.96 billion vs regional median $634.26 million) and ranks 20th out of 42 countries in Asia.
Yearly Historical Data (1981-2023)
(in Billion USD)Mongolia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Mongolia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.