Imports of services as a part of balance of payment rose 18.3% to USD 2.49 bil in Mongolia in 2021, according to the National Statistical Office.
Historically, imports of services as a part of balance of payment in Mongolia reached an all time high of USD 3.22 bil in 2019 and an all time low of USD 0.031 bil in 1981. When compared to Mongolia's main peers, imports of services as a part of balance of payment in China amounted to USD 438 bil, USD 7.63 bil in Kazakhstan, USD 0.740 bil in Kyrgyzstan and USD 75.9 bil in Russia in 2021.
Mongolia has been ranked 95th within the group of 140 countries we follow in terms of imports of services as a part of balance of payment, 20 places above the position seen 10 years ago.
Imports of Services (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
China | USD bil | 436 | 442 | 472 | 526 | 506 | ||||||||||||||||
Germany | USD bil | 301 | 317 | 349 | 375 | 376 | ||||||||||||||||
India | USD bil | 82.6 | 95.9 | 109 | 124 | 131 | ||||||||||||||||
Japan | USD bil | 179 | 186 | 193 | 203 | 219 | ||||||||||||||||
Kazakhstan | USD bil | 10.9 | 9.85 | 10.1 | 12.0 | 11.4 | ||||||||||||||||
Kyrgyzstan | USD bil | 1.06 | 1.04 | 0.916 | 0.963 | 1.02 | ||||||||||||||||
Mongolia | USD bil | 1.40 | 2.14 | 2.18 | 2.61 | 3.22 | ||||||||||||||||
Russia | USD bil | 88.8 | 74.6 | 88.9 | 94.7 | 98.5 | ||||||||||||||||
Tajikistan | USD bil | ... | 0.463 | 0.374 | 0.374 | 0.458 | 0.488 | |||||||||||||||
USA | USD bil | 498 | 513 | 548 | 565 | 594 | ||||||||||||||||
Uzbekistan | USD bil | ... | ... | ... | ... | 3.09 | 3.44 | 4.09 | 5.19 | 5.36 |