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Korea - Trade Openness 2018

Name: Korea Trade Openness 2018
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Trade as % of GDP · World Bank

74.71% +1.52% from 2017 Global rank: 82nd

Korea's trade openness was 74.71% in 2018, increased +1.52% from 73.19% in 2017. This was the 82nd highest globally.

Global Ranking - 2018▾

Trade Openness by Country - 2018
Rank	Country	Value	YoY
1st	Sudan	21.87%	22.6%
2nd	Cuba	27.08%	3.3%
3rd	United States	27.61%	1.1%
4th	Pakistan	27.63%	8.5%
5th	Brazil	28.88%	18.7%
6th	Argentina	30.76%	21.6%
7th	Bangladesh	32.51%	8.4%
8th	Tanzania	32.64%	-1.4%
9th	Kenya	34.41%	-4.4%
10th	Colombia	36.53%	3.5%
11th	Japan	36.61%	6.4%
12th	Uganda	36.64%	-0.5%
13th	China	36.89%	-0.2%
14th	Sierra Leone	37.38%	-10.0%
15th	Niger	37.54%	-3.9%
16th	Cameroon	40.59%	3.5%
17th	Comoros	43.00%	7.1%
18th	Indonesia	43.07%	9.4%
19th	Australia	43.57%	3.7%
20th	Malawi	43.58%	-3.8%
21st	India	43.62%	7.1%
22nd	Haiti	45.14%	7.3%
23rd	Egypt, Arab Republic of	45.91%	7.2%
24th	Côte d'Ivoire	46.04%	-5.4%
25th	Chad	46.74%	8.0%
26th	Bolivia, Plurinational State of	46.93%	3.0%
27th	Guatemala	47.01%	2.0%
28th	Uruguay	47.79%	3.0%
29th	Ecuador	48.01%	10.1%
30th	Nepal	48.45%	8.5%
31st	Peru	48.63%	2.4%
32nd	Central African Republic	49.66%	-13.1%
33rd	Sri Lanka	49.81%	5.7%
34th	Syrian Arab Republic	50.66%	-17.0%
35th	Mali	50.70%	2.4%
36th	Turkmenistan	50.90%	-5.0%
37th	Russian Federation	51.58%	10.0%
38th	Dominican Republic	52.34%	3.1%
39th	Algeria	52.44%	5.2%
40th	South Africa	54.49%	1.8%
41st	Zimbabwe	54.55%	-0.9%
42nd	Guinea-Bissau	55.02%	-3.3%
43rd	New Zealand	55.77%	3.0%
44th	Rwanda	55.78%	3.9%
45th	Tajikistan	55.85%	3.8%
46th	Yemen, Republic of	56.08%	30.5%
47th	Iran, Islamic Republic of	56.62%	31.2%
48th	Togo	57.57%	-1.1%
49th	Chile	58.18%	3.8%
50th	Israel	58.74%	4.4%
51st	Angola	58.92%	29.0%
52nd	New Caledonia	59.10%	0.3%
53rd	Saudi Arabia	59.10%	-0.7%
54th	Italy	59.27%	2.9%
55th	Burkina Faso	60.60%	2.2%
56th	Senegal	61.79%	7.1%
57th	Benin	61.80%	0.5%
58th	Türkiye	62.83%	11.9%
59th	Kazakhstan	63.53%	11.8%
60th	Libya	63.78%	34.1%
61st	Uzbekistan	64.14%	50.7%
62nd	Gambia, The	64.81%	16.3%
63rd	Timor-Leste	64.82%	10.5%
64th	United Kingdom	64.91%	2.7%
65th	French Polynesia	65.01%	19.1%
66th	Iraq	65.80%	10.1%
67th	Canada	66.60%	2.3%
68th	France	66.80%	2.2%
69th	Costa Rica	66.95%	2.9%
70th	Spain	67.01%	1.3%
71st	Madagascar	67.84%	3.8%
72nd	Ghana	67.96%	-3.7%
73rd	Lebanon	68.26%	-0.3%
74th	Norway	70.00%	1.3%
75th	West Bank and Gaza	71.40%	4.3%
76th	Paraguay	72.07%	1.4%
77th	Bahamas, The	72.15%	5.6%
78th	Philippines	72.16%	5.9%
79th	Congo, Democratic Republic of	72.56%	10.1%
80th	Guam	72.96%	5.3%
81st	Somalia, Fed. Rep.	73.82%	7.5%
82nd	Korea	74.71%	2.1%
83rd	Zambia	74.89%	4.6%
84th	El Salvador	75.63%	1.8%
85th	Albania	75.69%	-1.4%
86th	Gabon	77.04%	2.6%
87th	Morocco	77.25%	4.2%
88th	Bermuda	77.56%	7.1%
89th	Samoa	78.93%	6.7%
90th	Germany	79.13%	2.2%
91st	Finland	79.14%	4.2%
92nd	Greece	79.24%	11.8%
93rd	Bhutan	79.74%	3.8%
94th	Mexico	80.21%	4.2%
95th	Namibia	81.71%	0.6%
96th	Kiribati	83.37%	-17.1%
97th	Eswatini	85.49%	-1.6%
98th	Tonga	86.10%	-2.2%
99th	Panama	86.13%	2.5%
100th	Kosovo	86.32%	7.3%
101st	Portugal	86.74%	2.3%
102nd	Romania	87.09%	-0.1%
103rd	Moldova	87.45%	-1.3%
104th	Botswana	87.46%	6.8%
105th	Jordan	87.64%	-2.3%
106th	Solomon Islands	88.49%	7.7%
107th	Iceland	88.93%	3.0%
108th	Guinea	88.98%	-12.1%
109th	Mauritania	89.15%	13.1%
110th	Oman	89.28%	0.4%
111th	Greenland	89.78%	6.6%
112th	Sweden	90.41%	5.0%
113th	European Union	90.43%	1.9%
114th	Azerbaijan	91.67%	1.4%
115th	Qatar	91.84%	0.4%
116th	Armenia	92.47%	6.0%
117th	Brunei Darussalam	93.90%	10.2%
118th	Nicaragua	93.98%	-2.5%
119th	Bosnia and Herzegovina	98.43%	1.8%
120th	Kyrgyz Republic	98.88%	-1.7%
121st	Croatia	99.08%	1.9%
122nd	Ukraine	99.20%	-4.6%
123rd	Congo, Republic of	100.58%	6.3%
124th	Belize	100.99%	3.4%
125th	Poland	102.44%	1.9%
126th	Kuwait	102.79%	5.1%
127th	Honduras	103.55%	1.7%
128th	Micronesia, Federated States of	103.57%	0.2%
129th	Equatorial Guinea	103.65%	1.2%
130th	Tunisia	103.87%	8.4%
131st	Serbia	105.56%	2.7%
132nd	Cabo Verde	105.87%	5.8%
133rd	Puerto Rico (US)	106.00%	-6.3%
134th	Faroe Islands	106.87%	-0.3%
135th	Austria	108.38%	2.7%
136th	Northern Mariana Islands	108.76%	-17.2%
137th	Denmark	108.81%	4.4%
138th	Georgia	109.85%	7.1%
139th	Vanuatu	110.68%	4.9%
140th	Montenegro	111.10%	4.1%
141st	Macao SAR, China	116.57%	1.0%
142nd	Cayman Islands	117.12%	-0.3%
143rd	Palau	117.87%	-3.2%
144th	Cambodia	118.44%	-2.2%
145th	Thailand	120.84%	0.0%
146th	Mauritius	123.54%	-2.7%
147th	Switzerland	124.43%	0.7%
148th	Mozambique	124.61%	17.8%
149th	Mongolia	126.36%	9.0%
150th	Latvia	128.23%	-0.4%
151st	Marshall Islands	128.48%	2.7%
152nd	Bulgaria	129.17%	-0.4%
153rd	Malaysia	130.40%	-2.1%
154th	Antigua and Barbuda	130.66%	2.3%
155th	North Macedonia	133.22%	7.3%
156th	Aruba	138.82%	0.1%
157th	Belarus	139.39%	4.5%
158th	Nauru	140.64%	-1.0%
159th	Maldives	142.49%	0.4%
160th	Estonia	143.49%	-0.8%
161st	Bahrain	144.08%	5.6%
162nd	Lesotho	144.43%	-1.3%
163rd	Czechia	145.14%	-1.8%
164th	Lithuania	147.20%	1.6%
165th	Cyprus	147.62%	-0.3%
166th	United Arab Emirates	154.75%	-6.5%
167th	Curaçao	155.27%	11.1%
168th	Virgin Islands (US)	159.24%	1.0%
169th	Slovenia	162.61%	2.5%
170th	Hungary	162.70%	-1.4%
171st	Netherlands	163.56%	2.5%
172nd	Viet Nam	164.66%	2.3%
173rd	Belgium	168.28%	0.8%
174th	American Samoa	171.83%	6.4%
175th	Seychelles	185.71%	-5.9%
176th	Slovak Republic	188.73%	1.1%
177th	Ireland	222.45%	-4.7%
178th	Malta	228.10%	7.1%
179th	Djibouti	300.40%	-1.8%
180th	San Marino	309.49%	-1.4%
181st	Singapore	326.60%	3.1%
182nd	Luxembourg	361.87%	2.3%
183rd	Hong Kong SAR, China	376.89%	0.0%

FAQ

What was Korea's trade openness in 2018?▾

Korea's trade openness in 2018 was 74.71%. This ranked 82nd globally.

How did Korea's trade openness change in 2018?▾

Korea's trade openness increased by 2.1% in 2018 compared to 2017.

Which country had the highest trade openness in 2018?▾

Hong Kong SAR, China had the highest trade openness in 2018 at 376.89%.

What is the trade openness of Korea in 2018?▾

The trade openness of Korea in 2018 was 74.71%. This ranked 82nd globally.

How does 2018 compare to 2017 for Korea's trade openness?▾

Korea's trade openness went from 73.19% in 2017 to 74.71% in 2018, a 2.1% increase.

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