South Korea Trade to GDP Ratio 1960-2022

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • South Korea trade to gdp ratio for 2021 was 79.77%, a 10.55% increase from 2020.
  • South Korea trade to gdp ratio for 2020 was 69.22%, a 6.54% decline from 2019.
  • South Korea trade to gdp ratio for 2019 was 75.76%, a 3.23% decline from 2018.
  • South Korea trade to gdp ratio for 2018 was 78.99%, a 1.87% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
Hong Kong 403.10%
Luxembourg 388.85%
Singapore 338.31%
Malta 283.47%
Ireland 229.40%
Seychelles 197.00%
Slovak Republic 188.36%
Belgium 169.37%
Macao 164.18%
Hungary 161.91%
Slovenia 161.74%
Cyprus 160.94%
Estonia 160.79%
Lithuania 156.57%
Netherlands 156.19%
Brunei 147.12%
Czech Republic 142.11%
Latvia 130.22%
Switzerland 125.11%
Poland 117.62%
Denmark 112.43%
Austria 110.99%
Croatia 103.76%
Germany 89.39%
Greece 89.18%
Sweden 88.16%
Portugal 87.05%
South Korea 79.77%
Iceland 78.39%
Finland 77.63%
Bermuda 73.25%
Norway 70.68%
Bahamas 69.63%
Spain 68.33%
Chile 64.43%
Italy 63.06%
France 61.97%
Canada 61.23%
Saudi Arabia 59.12%
Uruguay 56.81%
United Kingdom 55.24%
Israel 54.97%
Australia 40.02%
Argentina 33.43%
South Korea Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2021 79.77% 10.55%
2020 69.22% -6.54%
2019 75.76% -3.23%
2018 78.99% 1.87%
2017 77.12% 3.52%
2016 73.60% -5.53%
2015 79.13% -11.48%
2014 90.61% -7.34%
2013 97.95% -7.51%
2012 105.46% -0.11%
2011 105.57% 14.17%
2010 91.40% 5.27%
2009 86.13% -9.38%
2008 95.52% 21.64%
2007 73.87% 3.22%
2006 70.65% 2.33%
2005 68.32% -1.69%
2004 70.02% 8.84%
2003 61.17% 2.82%
2002 58.35% -3.87%
2001 62.22% -3.87%
2000 66.10% 6.33%
1999 59.76% -8.73%
1998 68.50% 10.97%
1997 57.52% 4.87%
1996 52.65% 0.19%
1995 52.46% 3.80%
1994 48.67% 1.75%
1993 46.92% -1.84%
1992 48.76% -1.07%
1991 49.83% -0.93%
1990 50.75% -2.16%
1989 52.91% -5.79%
1988 58.70% -4.30%
1987 63.00% 2.89%
1986 60.11% 7.45%
1985 52.66% -4.71%
1984 57.37% -0.54%
1983 57.91% -2.32%
1982 60.23% -6.90%
1981 67.13% 1.60%
1980 65.53% 10.99%
1979 54.54% 0.33%
1978 54.22% 0.29%
1977 53.93% 0.05%
1976 53.88% -0.10%
1975 53.98% -1.55%
1974 55.53% 3.95%
1973 51.58% 13.54%
1972 38.04% 2.35%
1971 35.69% 3.13%
1970 32.56% -0.50%
1969 33.06% 0.28%
1968 32.78% 3.99%
1967 28.79% 2.13%
1966 26.66% 5.20%
1965 21.46% 4.12%
1964 17.34% -1.26%
1963 18.60% -0.87%
1962 19.47% 1.47%
1961 18.00% 3.40%
1960 14.60% 3.40%