Merchandise Trade Balance in Mongolia
The merchandise trade balance in Mongolia averaged USD 0.7 billion in the decade to 2022. The 2022 reading was USD 1.2 billion. For more trade information, visit our dedicated page.
Mongolia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Mongolia from 2014 to 2024.
Source: Macrobond.
Mongolia Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 1.8 | 1.4 | 1.2 | 4.5 | 3.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mongol trade projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Mongol trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mongol trade projections.
Want to get access to the full dataset of Mongol trade forecasts? Send an email to info@focus-economics.com.