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Foreign Trade (As % of GDP) rose 16.6% to 80.5% in South Korea in 2021

Foreign Trade (As % of GDP) (%), 2021

Economy | South Korea | February 1, 2023

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Excel Sheet

Foreign trade as a share of GDP rose 16.6% to 80.5% in South Korea in 2021, according to the National Statistical Office.

Historically, foreign trade as a share of GDP in South Korea reached an all time high of 106% in 2011 and an all time low of 14.6% in 1960.

South Korea has been ranked 72nd within the group of 152 countries we follow in terms of foreign trade as a share of GDP, 22 places below the position seen 10 years ago.

Foreign Trade (As % of GDP)	Unit	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Cambodia	%															128%	127%	125%	125%	124%
China	%															39.5%	36.9%	37.6%	37.6%	35.9%
Dem. People's Republic of Korea	%	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...	...
India	%															41.9%	40.1%	40.7%	43.6%	40.0%
Japan	%															35.4%	31.3%	34.4%	36.6%	35.2%
Laos	%															85.8%	75.1%	75.8%	...	...	...	...
Russia	%															49.4%	46.5%	46.9%	51.6%	49.2%
South Korea	%															79.1%	73.6%	77.1%	79.0%	75.8%
Thailand	%															125%	121%	121%	121%	110%
USA	%															27.8%	26.6%	27.3%	27.6%	26.5%
Vietnam	%															145%	145%	161%	165%	165%