Exports of Services (BoP, USD) rose 39.8% to USD 1.59 bil in Mongolia in 2023

Exports of Services (BoP, USD) (USD bil), 2023
Economy | Mongolia | September 1, 2025
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Exports of services as a part of balance of payment rose 39.8% to USD 1.59 bil in Mongolia in 2023, according to the National Statistical Office.

Historically, exports of services as a part of balance of payment in Mongolia reached an all time high of USD 1.59 bil in 2023 and an all time low of USD 0.026 bil in 1993.

Mongolia has been ranked 110th within the group of 151 countries we follow in terms of exports of services as a part of balance of payment, 19 places above the position seen 10 years ago.

Exports of Services (BoP, USD) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
China USD bil 234 244 229 339 372
Germany USD bil 364 366 334 412 441
India USD bil 205 215 203 241 309
Japan USD bil 194 209 164 171 170
Kazakhstan USD bil 7.32 7.75 5.21 5.94 8.19
Kyrgyzstan USD bil 0.830 1.08 0.428 0.522 1.37 ... ...
Mongolia USD bil 1.16 1.23 0.655 0.814 1.14 ...
Russia USD bil 64.6 62.0 48.0 55.6 48.8
Tajikistan USD bil 0.242 0.242 0.139 0.147 0.137
USA USD bil 866 891 726 805 949
Uzbekistan USD bil ... 2.75 3.13 1.70 2.30 4.32