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Korea - Trade Openness 1962

Name: Korea Trade Openness 1962
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

19.40% +1.47% from 1961 Global rank: 9th

Korea's trade openness was 19.40% in 1962, increased +1.47% from 17.93% in 1961. This was the 9th highest globally.

Global Ranking - 1962▾

Trade Openness by Country - 1962
Rank	Country	Value	YoY
1st	China	5.57%	-4.2%
2nd	Brazil	9.38%	-27.2%
3rd	India	10.20%	-0.6%
4th	Indonesia	10.56%	-57.2%
5th	Benin	13.48%	-4.5%
6th	Türkiye	13.57%	13.5%
7th	Argentina	14.08%	17.4%
8th	Mexico	18.68%	-1.8%
9th	Korea	19.40%	8.2%
10th	Ecuador	21.04%	10.1%
11th	Pakistan	21.09%	4.3%
12th	Burkina Faso	21.24%	0.1%
13th	Bangladesh	21.55%	-4.1%
14th	Rwanda	22.08%	3.6%
15th	Niger	22.23%	24.7%
16th	Greece	22.47%	-2.3%
17th	Chile	23.59%	-10.3%
18th	Colombia	24.45%	-8.8%
19th	Guatemala	25.21%	-0.9%
20th	Uruguay	25.77%	-11.1%
21st	France	26.34%	-5.6%
22nd	Australia	26.49%	-3.1%
23rd	Paraguay	27.31%	-
24th	Iran, Islamic Republic of	28.18%	-4.8%
25th	Sudan	29.66%	7.2%
26th	Senegal	29.86%	-3.7%
27th	Madagascar	32.14%	-5.8%
28th	Mauritania	32.99%	9.8%
29th	Thailand	33.34%	-3.2%
30th	Chad	33.66%	3.7%
31st	Egypt, Arab Republic of	34.57%	-7.5%
32nd	Canada	35.51%	-0.8%
33rd	Honduras	38.74%	0.8%
34th	Morocco	39.11%	-15.9%
35th	Sweden	39.40%	-1.7%
36th	Somalia, Fed. Rep.	40.31%	3.1%
37th	Algeria	40.61%	-64.3%
38th	Bolivia, Plurinational State of	40.75%	2.6%
39th	Peru	41.93%	-2.5%
40th	Syrian Arab Republic	42.50%	6.3%
41st	South Africa	43.35%	-0.9%
42nd	Papua New Guinea	44.13%	-0.3%
43rd	Uganda	45.56%	-1.1%
44th	Dominican Republic	48.05%	21.4%
45th	Costa Rica	48.77%	6.2%
46th	Ghana	52.68%	-15.8%
47th	Nicaragua	55.34%	15.4%
48th	Sri Lanka	56.99%	1.7%
49th	Côte d'Ivoire	60.14%	-5.1%
50th	Kenya	62.16%	-2.6%
51st	Lesotho	62.21%	7.2%
52nd	Central African Republic	62.30%	0.1%
53rd	Gabon	62.48%	-0.6%
54th	Botswana	72.77%	4.3%
55th	Malaysia	89.18%	-1.0%
56th	Congo, Republic of	93.44%	-9.4%
57th	Faroe Islands	98.69%	-
58th	Guyana	101.53%	-3.4%
59th	Panama	110.35%	9.4%
60th	Hong Kong SAR, China	165.01%	-5.0%
61st	Singapore	286.64%	-4.3%

FAQ

What was Korea's trade openness in 1962?▾

Korea's trade openness in 1962 was 19.40%. This ranked 9th globally.

How did Korea's trade openness change in 1962?▾

Korea's trade openness increased by 8.2% in 1962 compared to 1961.

Which country had the highest trade openness in 1962?▾

Singapore had the highest trade openness in 1962 at 286.64%.

What is the trade openness of Korea in 1962?▾

The trade openness of Korea in 1962 was 19.40%. This ranked 9th globally.

How does 1962 compare to 1961 for Korea's trade openness?▾

Korea's trade openness went from 17.93% in 1961 to 19.40% in 1962, a 8.2% increase.

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