Korea - Trade Openness 2008
92.08%
+20.76% from 2007
Korea's trade openness was 92.08% in 2008, increased +20.76% from 71.32% in 2007. This was the 102nd highest globally.
Global Ranking - 2008▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sierra Leone | 21.26% | -2.5% |
| 2nd | Brazil | 27.26% | 7.8% |
| 3rd | United States | 29.87% | 6.6% |
| 4th | Eritrea | 30.56% | -11.6% |
| 5th | Japan | 34.13% | 4.0% |
| 6th | Pakistan | 34.35% | 11.6% |
| 7th | Central African Republic | 34.44% | -8.4% |
| 8th | Burkina Faso | 35.39% | 4.8% |
| 9th | Haiti | 36.15% | 5.4% |
| 10th | Comoros | 36.22% | 9.2% |
| 11th | Sudan | 36.74% | 6.8% |
| 12th | Rwanda | 37.60% | 4.5% |
| 13th | Gambia, The | 39.09% | -11.8% |
| 14th | Colombia | 39.17% | 5.6% |
| 15th | Niger | 39.71% | 11.9% |
| 16th | Argentina | 40.40% | -1.3% |
| 17th | Bangladesh | 42.62% | 6.7% |
| 18th | Australia | 42.75% | 2.0% |
| 19th | Cuba | 44.92% | 18.3% |
| 20th | Guinea-Bissau | 45.14% | -2.4% |
| 21st | Nepal | 46.04% | 3.3% |
| 22nd | Benin | 47.78% | -2.7% |
| 23rd | Iran, Islamic Republic of | 48.23% | -3.3% |
| 24th | Tanzania | 49.03% | 2.0% |
| 25th | Türkiye | 50.76% | 5.7% |
| 26th | India | 53.37% | 16.8% |
| 27th | Russian Federation | 53.38% | 3.2% |
| 28th | Mali | 53.64% | 14.4% |
| 29th | Italy | 54.21% | -1.1% |
| 30th | Armenia | 54.54% | -4.3% |
| 31st | Spain | 55.83% | -3.1% |
| 32nd | Uganda | 56.26% | 20.3% |
| 33rd | Mexico | 56.37% | 2.0% |
| 34th | United Kingdom | 56.44% | 7.0% |
| 35th | China | 56.71% | -7.4% |
| 36th | Cameroon | 56.92% | 7.0% |
| 37th | Greece | 57.11% | 4.7% |
| 38th | Kenya | 57.58% | 6.8% |
| 39th | French Polynesia | 58.04% | 1.0% |
| 40th | Peru | 58.43% | 4.9% |
| 41st | Indonesia | 58.56% | 6.8% |
| 42nd | France | 59.18% | 1.8% |
| 43rd | Zambia | 59.45% | -9.6% |
| 44th | Dominican Republic | 61.43% | 0.3% |
| 45th | Côte d'Ivoire | 61.94% | 0.8% |
| 46th | Togo | 62.31% | 0.9% |
| 47th | Senegal | 62.76% | 5.9% |
| 48th | Sri Lanka | 63.37% | -7.6% |
| 49th | Guinea | 64.18% | -9.8% |
| 50th | New Zealand | 64.26% | 10.0% |
| 51st | Mozambique | 64.98% | -1.7% |
| 52nd | Romania | 65.18% | 2.6% |
| 53rd | Guatemala | 65.18% | -5.5% |
| 54th | Uruguay | 65.21% | 10.1% |
| 55th | South Africa | 65.97% | 15.5% |
| 56th | Canada | 67.02% | 1.1% |
| 57th | Philippines | 67.68% | -8.1% |
| 58th | New Caledonia | 67.92% | -5.9% |
| 59th | Chad | 69.07% | -8.0% |
| 60th | Ghana | 69.51% | 6.4% |
| 61st | Algeria | 71.03% | 5.2% |
| 62nd | Egypt, Arab Republic of | 71.68% | 10.1% |
| 63rd | Portugal | 72.08% | 3.0% |
| 64th | Tonga | 72.66% | 6.5% |
| 65th | Congo, Democratic Republic of | 72.95% | -0.1% |
| 66th | Samoa | 73.89% | -11.2% |
| 67th | Syrian Arab Republic | 74.23% | -2.8% |
| 68th | Madagascar | 74.36% | 11.5% |
| 69th | Ecuador | 74.59% | 8.3% |
| 70th | Norway | 74.79% | 4.0% |
| 71st | Albania | 75.25% | -5.8% |
| 72nd | Israel | 75.38% | -4.4% |
| 73rd | Serbia | 75.74% | 4.2% |
| 74th | Germany | 76.11% | 1.6% |
| 75th | Kosovo | 76.73% | - |
| 76th | Morocco | 77.83% | 9.1% |
| 77th | Guam | 78.27% | -1.5% |
| 78th | West Bank and Gaza | 79.48% | -13.6% |
| 79th | Uzbekistan | 79.75% | 7.2% |
| 80th | Poland | 80.57% | -0.2% |
| 81st | El Salvador | 80.67% | 3.9% |
| 82nd | Chile | 80.68% | 4.8% |
| 83rd | Paraguay | 80.78% | 2.2% |
| 84th | European Union | 80.78% | 1.2% |
| 85th | Iraq | 81.06% | 9.4% |
| 86th | Yemen, Republic of | 81.24% | 2.7% |
| 87th | Lao PDR | 81.85% | 3.3% |
| 88th | Iceland | 81.90% | 11.2% |
| 89th | Croatia | 82.08% | -1.4% |
| 90th | Bolivia, Plurinational State of | 82.87% | 8.9% |
| 91st | Bosnia and Herzegovina | 86.16% | 3.1% |
| 92nd | Finland | 86.19% | 4.0% |
| 93rd | Georgia | 86.30% | -2.4% |
| 94th | Costa Rica | 86.40% | -0.1% |
| 95th | Solomon Islands | 87.35% | 4.3% |
| 96th | Bahamas, The | 87.43% | -0.7% |
| 97th | Gabon | 89.00% | 4.5% |
| 98th | Azerbaijan | 89.24% | -7.7% |
| 99th | Qatar | 89.43% | -7.0% |
| 100th | Brunei Darussalam | 89.75% | 10.8% |
| 101st | Cabo Verde | 90.97% | -3.4% |
| 102nd | Korea | 92.08% | 29.1% |
| 103rd | Kuwait | 92.68% | 1.0% |
| 104th | Sweden | 92.81% | 3.6% |
| 105th | Mauritania | 94.12% | 9.4% |
| 106th | Ukraine | 94.17% | 7.0% |
| 107th | Kazakhstan | 94.29% | 2.3% |
| 108th | Turkmenistan | 94.72% | 68.3% |
| 109th | Oman | 94.76% | -0.1% |
| 110th | Kiribati | 95.44% | -0.7% |
| 111th | Latvia | 95.77% | -5.1% |
| 112th | Saudi Arabia | 96.10% | 1.3% |
| 113th | Nicaragua | 96.79% | 4.1% |
| 114th | South Sudan | 97.27% | - |
| 115th | Botswana | 99.01% | 0.5% |
| 116th | Northern Mariana Islands | 100.85% | -21.6% |
| 117th | Bhutan | 101.95% | -4.7% |
| 118th | Austria | 102.74% | 1.4% |
| 119th | Libya | 103.24% | 0.5% |
| 120th | Faroe Islands | 103.50% | 4.0% |
| 121st | Denmark | 104.47% | 4.4% |
| 122nd | Belize | 105.46% | 9.9% |
| 123rd | Vanuatu | 105.77% | 17.3% |
| 124th | Lebanon | 106.63% | 8.8% |
| 125th | Greenland | 107.37% | 13.1% |
| 126th | Angola | 108.68% | 11.8% |
| 127th | Suriname | 109.17% | 7.7% |
| 128th | Zimbabwe | 109.52% | 30.1% |
| 129th | Micronesia, Federated States of | 111.19% | 10.3% |
| 130th | North Macedonia | 111.57% | 5.2% |
| 131st | Cyprus | 112.93% | 1.5% |
| 132nd | Mauritius | 113.49% | -4.3% |
| 133rd | Tunisia | 114.34% | 9.9% |
| 134th | Tajikistan | 114.48% | -21.3% |
| 135th | Puerto Rico (US) | 116.28% | -1.1% |
| 136th | Switzerland | 116.78% | 3.0% |
| 137th | Namibia | 119.64% | 14.0% |
| 138th | Mongolia | 121.20% | 2.8% |
| 139th | Marshall Islands | 122.05% | 6.6% |
| 140th | Czechia | 123.90% | -4.6% |
| 141st | Bulgaria | 124.69% | 0.9% |
| 142nd | Palau | 126.28% | 10.0% |
| 143rd | Macao SAR, China | 126.61% | -3.1% |
| 144th | Lithuania | 126.76% | 9.0% |
| 145th | Equatorial Guinea | 128.69% | -4.0% |
| 146th | Belarus | 129.60% | 1.1% |
| 147th | Netherlands | 130.15% | 0.3% |
| 148th | Cambodia | 130.39% | -2.5% |
| 149th | Montenegro | 132.48% | 2.8% |
| 150th | Congo, Republic of | 133.11% | -10.4% |
| 151st | Moldova | 134.42% | -5.8% |
| 152nd | Timor-Leste | 135.25% | 5.0% |
| 153rd | Slovenia | 135.39% | -1.7% |
| 154th | Honduras | 135.75% | 0.5% |
| 155th | Estonia | 136.68% | 2.0% |
| 156th | Aruba | 139.11% | -0.6% |
| 157th | Thailand | 140.44% | 8.1% |
| 158th | Jordan | 140.91% | -3.5% |
| 159th | Bahrain | 145.88% | 5.9% |
| 160th | Kyrgyz Republic | 146.11% | 6.6% |
| 161st | United Arab Emirates | 148.51% | 8.6% |
| 162nd | Viet Nam | 154.32% | -0.2% |
| 163rd | Hungary | 158.45% | 1.8% |
| 164th | Ireland | 160.04% | 4.3% |
| 165th | Belgium | 161.09% | 5.7% |
| 166th | Lesotho | 161.13% | -2.4% |
| 167th | Slovak Republic | 162.46% | -2.5% |
| 168th | Nauru | 164.29% | - |
| 169th | Panama | 164.59% | 10.7% |
| 170th | Curaçao | 166.74% | 14.2% |
| 171st | Malaysia | 176.67% | -8.2% |
| 172nd | Malta | 185.75% | 0.5% |
| 173rd | Seychelles | 208.84% | 19.4% |
| 174th | American Samoa | 249.82% | 14.5% |
| 175th | Luxembourg | 292.21% | -5.0% |
| 176th | Hong Kong SAR, China | 376.66% | 4.0% |
| 177th | Singapore | 437.33% | 10.9% |
| 178th | Virgin Islands (US) | 863.20% | 54.0% |
FAQ
What was Korea's trade openness in 2008?▾
Korea's trade openness in 2008 was 92.08%. This ranked 102nd globally.
How did Korea's trade openness change in 2008?▾
Korea's trade openness increased by 29.1% in 2008 compared to 2007.
Which country had the highest trade openness in 2008?▾
Virgin Islands (US) had the highest trade openness in 2008 at 863.20%.
What is the trade openness of Korea in 2008?▾
The trade openness of Korea in 2008 was 92.08%. This ranked 102nd globally.
How does 2008 compare to 2007 for Korea's trade openness?▾
Korea's trade openness went from 71.32% in 2007 to 92.08% in 2008, a 29.1% increase.
Related
2007
2009
All years
Full ranking 2008
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2011
Lowest: 1960
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
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