Merchandise trade as a share of GDP fell 12.0% to 74.4% in South Korea in 2023, according to the National Statistical Office.
Historically, merchandise trade as a share of GDP in South Korea reached an all time high of 86.1% in 2011 and an all time low of 9.50% in 1960.
South Korea has been ranked 54th within the group of 170 countries we follow in terms of merchandise trade as a share of GDP, 2 places below the position seen 10 years ago.
| Merchandise Trade (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Cambodia | % | 91.1% | 95.7% | 106% | 130% | 131% | ||||||||||||||||
| China | % | 32.7% | 31.4% | 31.0% | 32.9% | 34.1% | ||||||||||||||||
| Dem. People's Republic of Korea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| India | % | 31.0% | 28.6% | 24.3% | 30.6% | 35.1% | ||||||||||||||||
| Japan | % | 29.5% | 27.9% | 25.3% | 30.3% | 38.6% | ||||||||||||||||
| Laos | % | 64.6% | 64.4% | 60.5% | 74.2% | 99.8% | ||||||||||||||||
| Russia | % | 41.8% | 39.8% | 38.4% | 43.5% | 37.9% | ||||||||||||||||
| South Korea | % | 66.1% | 63.3% | 59.6% | 69.3% | 84.5% | ... | |||||||||||||||
| Thailand | % | 98.9% | 88.7% | 87.5% | 107% | 119% | ||||||||||||||||
| USA | % | 20.7% | 19.5% | 17.9% | 19.8% | 20.9% | ||||||||||||||||
| Vietnam | % | 155% | 155% | 157% | 182% | 177% |
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