Mongolia - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Mongolia was 5.93 as of 2020. Its highest value over the past 39 years was 94.01 in 1983, while its lowest value was 5.45 in 2018.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports 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 91.47
1982 89.00
1983 94.01
1984 75.92
1985 61.40
1986 59.06
1987 57.65
1988 59.23
1989 63.55
1990 51.69
1991 58.30
1992 20.21
1993 14.63
1994 32.63
1995 52.64
1996 56.12
1997 66.85
1998 58.44
1999 28.38
2000 40.65
2001 51.93
2002 45.55
2003 45.31
2004 48.86
2005 47.06
2006 28.42
2007 23.74
2008 31.50
2009 22.27
2010 13.22
2011 10.43
2012 10.28
2013 11.34
2014 10.83
2015 14.51
2016 19.35
2017 13.50
2018 5.45
2019 9.50
2020 5.93

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports