Bound rate, simple mean, primary products in Mongolia
Mongolia: Bound rate, simple mean, primary products was 19.0% in 2021. ▬ Flat
Bound rate, simple mean, primary products in Mongolia, 1999–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, primary products in Mongolia is 19.0%, measured in 2021.
Compared with earlier readings it is up 0.2% over ten years.
Over the whole period, bound rate, simple mean, primary products in Mongolia peaked at 19.0% in 2015 and was at its lowest, 18.9%, in 2007.
Mongolia ranks 102nd of 157 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.9% | 18.9% | 18.9% | 1 |
| 2000s | 18.9% | 18.9% | 19.0% | 10 |
| 2010s | 19.0% | 18.9% | 19.0% | 7 |
| 2020s | 19.0% | 19.0% | 19.0% | 2 |
Countries ranked near Mongolia
- 99 Haiti 19.8% compare
- 100 Suriname 19.8% compare
- 101 Tonga 19.2% compare
- 103 Cape Verde 16.9% compare
- 104 Seychelles 14.9% compare
- 105 Cote d'Ivoire 14.5% compare
More private sector data for Mongolia
- Merchandise exports 15.76 billion current US$ (2025)
- Manufactures exports 1.7% (2023)
- Food exports 3.3% (2023)
- Merchandise imports 11.31 billion current US$ (2025)
- Manufactures imports 65.3% (2023)
- Food imports 11.0% (2023)
- Merchandise trade 106.7% (2025)
- Commercial service exports 1.60 billion current US$ (2024)
- Transport services 28.8% (2024)
- Computer, communications and other services 33.2% (2024)
Frequently asked questions
- What is bound rate, simple mean, primary products in Mongolia?
- Bound rate, simple mean, primary products in Mongolia was 19.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Mongolia?
- The highest recorded value was 19.0% in 2015.
- What is the lowest bound rate, simple mean, primary products recorded in Mongolia?
- The lowest recorded value was 18.9% in 2007.
- How does Mongolia rank for bound rate, simple mean, primary products?
- Mongolia ranks 102nd out of 157 countries with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in Mongolia?
- Over the last ten years it is up 0.2%. The long-run trend across the full record is flat.
- Where does this Mongolia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).