Korea - Merchandise trade

Merchandise trade (% of GDP)

Merchandise trade (% of GDP) in Korea was 59.84 as of 2020. Its highest value over the past 60 years was 86.15 in 2011, while its lowest value was 9.50 in 1960.

Definition: Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: World Trade Organization, and World Bank GDP estimates.

See also:

Year Value
1960 9.50
1961 14.77
1962 16.98
1963 16.22
1964 15.09
1965 20.38
1966 24.61
1967 27.12
1968 31.38
1969 31.88
1970 31.32
1971 34.95
1972 38.18
1973 53.77
1974 57.89
1975 56.09
1976 55.15
1977 54.25
1978 53.29
1979 52.87
1980 60.86
1981 64.99
1982 58.84
1983 57.70
1984 61.40
1985 60.63
1986 56.75
1987 59.68
1988 56.37
1989 50.15
1990 47.59
1991 46.39
1992 44.56
1993 42.28
1994 42.79
1995 45.92
1996 45.90
1997 49.28
1998 58.85
1999 52.95
2000 57.75
2001 53.23
2002 50.16
2003 53.03
2004 60.30
2005 58.37
2006 60.28
2007 62.11
2008 81.85
2009 72.74
2010 77.93
2011 86.15
2012 83.50
2013 78.44
2014 74.02
2015 65.72
2016 60.10
2017 64.79
2018 66.10
2019 63.31
2020 59.84

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Total merchandise trade