In 2020, both the global trade volume and the growth in GDP ******* following the outbreak of COVID-19. It ********* again in 2021, but is estimated to have slowed somewhat in 2023 following the rising global inflation rates.

Trade (% of GDP) in World was reported at 56.56 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Key information about United States Total Trade of Goods and Services: % of Nominal GDP

• United States Total Trade of Goods & Services: % of Nominal GDP recorded 24.724 % in Dec 2024, compared with 25.445 % in the previous quarter.
• United States Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1947 to Dec 2024, with an averaged value of 18.704 %.
• The data reached an all-time high of 31.839 % in Sep 2008 and a record low of 7.613 % in Dec 1949.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The Bureau of Economic Analysis provides Total Trade of Goods and Services in USD and Nominal GDP in USD.

In 2023, exports of goods and services from the United States made up about eleven percent of its gross domestic product (GDP). This is an increase from 9.25 percent of GDP of the United States in 1990. U.S. exports The GDP of the United States is the largest in the world, clocking in at more than 20 trillion U.S. dollars in 2022. It is additionally one of the world's largest exporters, second only to China. United States exports surpassed three trillion dollars in 2022, its highest level ever. Balance of trade The balance of trade in the United States has been a longstanding topic of conversation among economists, business interests, and politicians. When a country imports more than it exports, this is known as a trade deficit. While large export industries have been present in the United States for many years, the U.S. trade deficit has been increasing and is the largest volume of any nation.

Trade (% of GDP) in United States was reported at 24.89 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

In the first quarter of 2025, the total importing and exporting trade accounted for about ****** percent of Taiwan's nominal GDP in that quarter. This indicated a slight INcrease compared to the previous year.

Graph and download economic data for Shares of gross domestic product: Net exports of goods and services (A019RE1A156NBEA) from 1929 to 2024 about Shares of GDP, exports, Net, goods, services, GDP, and USA.

Key information about Taiwan Total Trade of Goods and Services: % of Nominal GDP

• Taiwan Total Trade of Goods & Services: % of Nominal GDP recorded 112.871 % in Dec 2024, compared with 118.809 % in the previous quarter.
• Taiwan Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1961 to Dec 2024, with an averaged value of 95.692 %.
• The data reached an all-time high of 166.127 % in Sep 2008 and a record low of 28.568 % in Dec 1961.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency. Total Trade of Goods and Services as % of Nominal GDP prior to Q1 1981 is calculated from Total Trade of Goods and Services with reference year 2016.

The average for 2024 based on 134 countries was -3.07 percent. The highest value was in Macao: 44.38 percent and the lowest value was in Kiribati: -88.61 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Trade (% of GDP) in Vietnam was reported at 165 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Germany DE: GDP: % of GDP: Trade data was reported at 82.799 % in 2023. This records a decrease from the previous number of 89.064 % for 2022. Germany DE: GDP: % of GDP: Trade data is updated yearly, averaging 48.057 % from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 89.064 % in 2022 and a record low of 30.616 % in 1972. Germany DE: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

The USA: Trade balance as percent of GDP: The latest value from 2024 is -3.09 percent, a decline from -2.88 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the USA from 1960 to 2024 is -1.81 percent. The minimum value, -5.69 percent, was reached in 2006 while the maximum of 1.01 percent was recorded in 1964.

Trade (% of GDP) in China was reported at 37.2 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Equatorial Guinea GQ: GDP: % of GDP: Trade data was reported at 94.413 % in 2017. This records an increase from the previous number of 92.497 % for 2016. Equatorial Guinea GQ: GDP: % of GDP: Trade data is updated yearly, averaging 132.554 % from Dec 1962 (Median) to 2017, with 54 observations. The data reached an all-time high of 531.737 % in 1998 and a record low of 44.816 % in 1968. Equatorial Guinea GQ: GDP: % of GDP: Trade data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Equatorial Guinea – Table GQ.World Bank: Gross Domestic Product: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

In fiscal year 2024, the trade balance to gross domestic product ratio in India declined to *** percent. This was almost the same as compared to the previous fiscal year.

In 2023, the external trade in goods and services as a share of gross domestic product in Russia was 41.83 percent. Between 1989 and 2023, the figure dropped by 1.08 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In 2023, the external trade in goods and services as a share of gross domestic product in Singapore stood at ****** percent. Between 1960 and 2023, the figure dropped by ***** percentage points, though the decline followed an uneven course rather than a steady trajectory.

In the second quarter of 2024, the total importing and exporting trade accounted for about 118.59 percent of Taiwan's nominal GDP in that quarter. This indicated a slight increase compared to the previous year.

Graph and download economic data for Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Oklahoma (OKTRADEQGSP) from 1997 to 2024 about quantity index, OK, trade, GSP, industry, GDP, and USA.

Italy: Trade balance as percent of GDP: The latest value from 2024 is 2.29 percent, an increase from 1.43 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for Italy from 1970 to 2024 is 0.8 percent. The minimum value, -3.75 percent, was reached in 1974 while the maximum of 4.52 percent was recorded in 1996.