Foreign Trade (As % of GDP) rose to 80.8% in South Korea in 2017

Foreign Trade (As % of GDP) (%)
Economy | South Korea | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 80.8 % in 2017 in South Korea, according to the National Statistical Office. This is 3.95 % more than in the previous year.

Historically, foreign trade as a share of GDP in South Korea reached an all time high of 110 % in 2011 and an all time low of 14.6 % in 1960. When compared to South Korea's main peers, foreign trade as a share of GDP in China amounted to 37.8 %, 34.4 % in Japan and 200 % in Vietnam in 2017.

South Korea has been ranked 75th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 22 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cambodia % 114% 121% 130% 130% 128%
China % 50.6% 48.1% 46.6% 44.9% 39.5%
Dem. People's Republic of Korea % ... ... ... ... ... ... ... ... ...
India % 55.6% 55.8% 53.8% 48.9% 41.9%
Japan % 30.4% 30.6% 34.1% 37.5% 35.6%
Laos % 91.7% 98.2% 98.2% 99.1% 85.8%
Russia % 47.9% 47.1% 46.2% 47.7% 49.3%
South Korea % 110% 110% 103% 95.3% 83.7%
Thailand % 140% 138% 133% 132% 126%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%
Vietnam % 163% 157% 165% 170% 179%