Mongolia - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Mongolia was 28.79 as of 2020. Its highest value over the past 39 years was 91.18 in 1983, while its lowest value was 22.31 in 1993.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1981 80.53
1982 77.25
1983 91.18
1984 51.99
1985 37.18
1986 45.33
1987 38.00
1988 45.81
1989 48.01
1990 60.58
1991 75.41
1992 32.56
1993 22.31
1994 32.43
1995 37.33
1996 45.76
1997 47.85
1998 54.39
1999 53.81
2000 43.76
2001 36.00
2002 37.08
2003 40.90
2004 35.76
2005 30.35
2006 28.29
2007 29.41
2008 27.72
2009 28.56
2010 30.45
2011 33.21
2012 40.81
2013 38.80
2014 30.14
2015 29.80
2016 34.06
2017 31.48
2018 30.39
2019 31.26
2020 28.79

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports