Commercial service exports in Mongolia

Mongolia: Commercial service exports was 1.60 billion current US$ in 2024. ◆ Volatile

Latest (2024)
1.60 billion current US$
Change on year
up 1.0%
World rank
117th
of 198 countries
All-time high
1.60 billion current US$
in 2024
All-time low
24.60 million current US$
in 1993
Years of data
44
1981–2024

Commercial service exports in Mongolia, 1981–2024

0500.0M1.0B1.5B1981200220241981: 37.3M current US$1982: 48.5M current US$1983: 55.3M current US$1984: 52.6M current US$1985: 70.1M current US$1986: 84.2M current US$1987: 89.0M current US$1988: 94.3M current US$1989: 36.4M current US$1990: 48.1M current US$1991: 26.5M current US$1992: 28.5M current US$1993: 24.6M current US$1994: 34.5M current US$1995: 47.3M current US$1996: 43.1M current US$1997: 50.2M current US$1998: 74.8M current US$1999: 68.5M current US$2000: 73.8M current US$2001: 109.3M current US$2002: 179.3M current US$2003: 202.7M current US$2004: 329.0M current US$2005: 409.1M current US$2006: 482.9M current US$2007: 570.5M current US$2008: 516.9M current US$2009: 415.5M current US$2010: 482.8M current US$2011: 516.9M current US$2012: 647.1M current US$2013: 684.9M current US$2014: 604.1M current US$2015: 685.9M current US$2016: 797.9M current US$2017: 963.6M current US$2018: 1.2B current US$2019: 1.2B current US$2020: 651.2M current US$2021: 811.2M current US$2022: 1.1B current US$2023: 1.6B current US$2024: 1.6B current US$

Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.

Analysis

In 2024, commercial service exports in Mongolia stood at 1.60 billion current US$. That is the highest value across all 44 years on record.

The figure is up 1.0% on the previous year and up 164.8% over ten years.

Over the whole period, commercial service exports in Mongolia peaked at 1.60 billion current US$ in 2024 and was at its lowest, 24.60 million current US$, in 1993.

That places Mongolia 117th out of 198 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 63.08 million current US$ 36.40 million current US$ 94.30 million current US$ 9
1990s 44.61 million current US$ 24.60 million current US$ 74.80 million current US$ 10
2000s 328.91 million current US$ 73.81 million current US$ 570.52 million current US$ 10
2010s 776.61 million current US$ 482.77 million current US$ 1.23 billion current US$ 10
2020s 1.16 billion current US$ 651.19 million current US$ 1.60 billion current US$ 5

Countries ranked near Mongolia

  1. 114 Laos 1.73 billion current US$ compare
  2. 115 Seychelles 1.68 billion current US$ compare
  3. 116 Nepal 1.65 billion current US$ compare
  4. 118 Bermuda 1.53 billion current US$ compare
  5. 119 Sudan 1.52 billion current US$ compare
  6. 120 Madagascar 1.52 billion current US$ compare

See the full ranking of 244 places →

More private sector data for Mongolia

All data for Mongolia →

Frequently asked questions

What is commercial service exports in Mongolia?
Commercial service exports in Mongolia was 1.60 billion current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
What is the highest commercial service exports recorded in Mongolia?
The highest recorded value was 1.60 billion current US$ in 2024.
What is the lowest commercial service exports recorded in Mongolia?
The lowest recorded value was 24.60 million current US$ in 1993.
How does Mongolia rank for commercial service exports?
Mongolia ranks 117th out of 198 countries with data for 2024.
Is commercial service exports rising or falling in Mongolia?
Over the last ten years it is up 164.8%. The long-run trend across the full record is volatile.
Where does this Mongolia data come from?
The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Commercial service exports (current US$)
Unit
current US$
Source
Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
244 places, 9,727 data points, 1960–2025
Last refreshed

Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.