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Korea - Trade Openness 1970

Name: Korea Trade Openness 1970
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

32.25% −0.54% from 1969 Global rank: 29th

Korea's trade openness was 32.25% in 1970, decreased +0.54% from 32.79% in 1969. This was the 29th highest globally.

Global Ranking - 1970▾

Trade Openness by Country - 1970
Rank	Country	Value	YoY
1st	China	4.83%	-2.3%
2nd	India	7.66%	-1.1%
3rd	Argentina	10.34%	-19.2%
4th	United States	10.76%	-
5th	Türkiye	10.79%	29.5%
6th	Nepal	13.21%	-23.4%
7th	Brazil	14.48%	9.1%
8th	Mexico	17.41%	3.5%
9th	Pakistan	17.97%	2.8%
10th	Japan	19.15%	-
11th	Bangladesh	20.82%	5.1%
12th	Burkina Faso	21.60%	-3.4%
13th	Ecuador	22.45%	9.0%
14th	Greece	22.46%	-0.8%
15th	Spain	25.85%	-
16th	Australia	26.11%	3.6%
17th	Somalia, Fed. Rep.	26.19%	-33.9%
18th	Rwanda	26.74%	21.3%
19th	Colombia	27.83%	8.9%
20th	Chile	27.97%	-6.1%
21st	Indonesia	28.68%	20.3%
22nd	Niger	28.87%	11.8%
23rd	Uruguay	29.09%	14.0%
24th	Italy	30.03%	-
25th	Egypt, Arab Republic of	30.66%	2.3%
26th	Mali	30.67%	1.5%
27th	Paraguay	31.04%	-2.3%
28th	Germany	31.59%	-
29th	Korea	32.25%	-1.6%
30th	Sudan	32.75%	5.3%
31st	France	32.90%	8.1%
32nd	Peru	32.99%	-3.8%
33rd	Guinea-Bissau	34.19%	-
34th	Thailand	34.40%	-4.8%
35th	Guatemala	36.35%	3.2%
36th	Chad	38.31%	24.0%
37th	Syrian Arab Republic	38.56%	-0.6%
38th	Morocco	39.22%	5.4%
39th	Senegal	39.35%	1.1%
40th	Benin	39.64%	19.4%
41st	Iran, Islamic Republic of	39.67%	1.5%
42nd	South Africa	39.79%	0.4%
43rd	European Union	40.15%	-
44th	Madagascar	40.75%	-1.2%
45th	Canada	41.49%	-0.9%
46th	United Kingdom	43.00%	-
47th	Portugal	43.21%	-
48th	Uganda	43.47%	3.8%
49th	Ghana	44.05%	9.9%
50th	Sweden	44.36%	6.2%
51st	Dominican Republic	45.88%	2.9%
52nd	Tunisia	46.74%	34.3%
53rd	New Zealand	47.16%	-
54th	Bolivia, Plurinational State of	48.96%	12.1%
55th	El Salvador	49.38%	0.8%
56th	Finland	49.42%	-
57th	Mauritania	49.59%	5.5%
58th	Cameroon	50.88%	10.0%
59th	Algeria	51.23%	-1.2%
60th	Sri Lanka	54.05%	25.7%
61st	Austria	55.08%	-
62nd	Nicaragua	55.92%	8.5%
63rd	Denmark	57.13%	2.9%
64th	Iraq	57.52%	-
65th	Israel	58.28%	-
66th	Togo	59.84%	8.5%
67th	Sierra Leone	60.30%	14.2%
68th	Kenya	60.49%	5.0%
69th	Lesotho	61.10%	-6.2%
70th	Costa Rica	62.41%	6.6%
71st	Côte d'Ivoire	64.88%	1.6%
72nd	Norway	70.96%	-
73rd	Saudi Arabia	72.37%	-1.0%
74th	Papua New Guinea	72.41%	11.7%
75th	Central African Republic	73.50%	13.2%
76th	Ireland	74.43%	-
77th	Honduras	74.94%	4.6%
78th	Faroe Islands	75.26%	-5.0%
79th	Cuba	76.81%	-
80th	Gambia, The	78.70%	-14.0%
81st	Switzerland	82.88%	-
82nd	Kuwait	83.93%	-9.2%
83rd	Iceland	84.13%	-
84th	Botswana	85.57%	13.6%
85th	Netherlands	86.48%	6.8%
86th	Malaysia	86.88%	3.1%
87th	Gabon	87.71%	-19.3%
88th	Belgium	87.73%	-
89th	Congo, Republic of	92.50%	4.0%
90th	Oman	93.35%	7.9%
91st	Guyana	113.46%	-1.1%
92nd	Malta	115.54%	-
93rd	Panama	117.37%	0.1%
94th	Luxembourg	160.84%	-
95th	Hong Kong SAR, China	178.67%	-1.3%
96th	Singapore	271.06%	-1.0%

FAQ

What was Korea's trade openness in 1970?▾

Korea's trade openness in 1970 was 32.25%. This ranked 29th globally.

How did Korea's trade openness change in 1970?▾

Korea's trade openness decreased by 1.6% in 1970 compared to 1969.

Which country had the highest trade openness in 1970?▾

Singapore had the highest trade openness in 1970 at 271.06%.

What is the trade openness of Korea in 1970?▾

The trade openness of Korea in 1970 was 32.25%. This ranked 29th globally.

How does 1970 compare to 1969 for Korea's trade openness?▾

Korea's trade openness went from 32.79% in 1969 to 32.25% in 1970, a 1.6% decrease.

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