As of January 2025, South Korea had 22 Free Trade Agreements (FTAs) in effect with 59 countries. More are in the stage of negotiation and talks on conditions.

The average for 2024 based on 176 countries was 70 points. The highest value was in Singapore: 95 points and the lowest value was in North Korea: 0 points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

The Agricultural Tariff Tool is a web application that queries tariff schedules and rate information resulting from Free Trade Agreements (FTAs). All exporters/importers need to determine how competitive their product will be in a market. One of the key cost components is the import tariff that will be applied to a product by the importing country. The FAS Agricultural Tariff Tool will allow exporters/importers to quickly and easily determine the tariff rate that will be applied to their product by the importing country.This record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Agricultural Tariff Tracker For complete information, please visit https://data.gov.

Singapore was the leading country in the Globalization Index 2023 in the field of economic globalization. The 2023 edition of the index uses data from the year 2021. Belgium and the Netherlands followed in the places behind.

The era of globalization

The beginning of the current era of increasing economic globalization was signaled by the creation of the Bretton Woods institutions toward the end of the Second World War. These institutions acted as the foundation for the International Monetary Fund, World Bank and World Trade Organization. The institutions, and their modern equivalents, sought to reduce the barriers on international trade in goods, services and capital markets. In the decades following their inception international trade has skyrocketed to become a cornerstone of the international economy, as demonstrated by trends in global export volume of trade in goods from 1950. Economic globalization
Countries that are perceived as more economically globalized are those with low tariffs on imports, more free-trade agreements, regulation that accommodates foreign investment and lower non-tariff barriers to trade such as safety regulations on imports. However, economic globalization fails to capture the entire picture in regards to globalization processes and their impact on countries. As such, analysts have placed attention on the social and political effects on globalization as seen in the index for social globalization and index for political organization. To see the combined results of the multiple globalization indexes see the Top 100 countries in the Globalization Index.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

The purpose of this Country Economic Memorandum (CEM) is to contribute to the ongoing discussion in Guatemala about means of accelerating economic growth to help achieve targets set in the 1996 Peace Accords as a key ingredient in the fight to reduce national poverty rates. Chapter I examines historical and recent developments and uses a benchmarking growth methodology to identify the measures and policies most conducive to increasing long-term economic growth. Those areas that are identified as critical on the list of priorities are developed further in separate chapters. Chapter II focuses on the important role of human capital development for growth, along with the complementary policies for improving education and health. Chapter III examines the investment climate, broadly understood, which includes governance, access to infrastructure, and financial development. Chapter IV analyzes the importance of innovation and technology adaptation for productivity growth. Chapter V looks at trade openness and the catalytic role that the recently negotiated free trade agreement with the U.S. (CAFTA) could have on the Guatemalan economy.

In 2023, electronics, computers, and components exports had the largest value amongst Vietnam's major commodities, at approximately **** billion U.S. dollars. Meanwhile, phones and related components contributed around **** billion U.S. dollars to total export earnings that year.Vietnam – An export-driven country Vietnam had greatly increased its volume and value of international trade since implementing economic reforms, or Đổi Mới in 1986. After Đổi Mới, Vietnam's trade balance recorded its first trade surplus in 2012 at around *** million U.S. dollars. In 2019, Vietnam saw a negative growth rate of worldwide exports for the first time since 2010, with a total export value reaching over ****** billion U.S. dollars that year. The country’s main export partners include the United States, the European Union, China, Japan, and South Korea.International trade agreements In 2019, Vietnam signed several significant trade agreements such as the EU-Vietnam Free Trade Agreement (EVFTA), which led to the reduction of tariffs and customs duties for both Vietnam and the European Union, as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which not only gave Canada access to the Vietnamese market, but also facilitated the integration of Vietnam in the global value chain.

Australia trade finance market attained a value of USD 1013.00 Million in 2024. The market is estimated to grow at a CAGR of 3.80% during 2025-2034 to reach a value of USD 1470.90 Million by 2034. Australia trade finance market is driven by the expansion in export-import activities, free trade agreements with leading countries, and the growth in crucial industries such as mining and manufacturing.

The largest category of goods imported by Russia from Iran in 2018 was foodstuffs, which occupied the share of 75 percent of the total Russian imports from the country. Metal imports accounted for 12 percent of the total imports. In May 2018, the Interim Agreement providing for a free trade area between Iran and the Russian-founded Eurasian Economic Union was signed, expected to enhance the external trade between the two countries.

Cars were the most valuable type of commodity exported from the United Kingdom in 2024, with exports of this commodity valued at approximately 32.9 billion British pounds. Mechanical power generators were the second-most valuable commodity in 2024, with an export value of around 32.7 billion pounds in this year. By comparison, the most valuable import commodity was also cars, amounting to over 38.4 billion British pounds. The next most valuable import commodity was medicinal and pharmaceutical products at over 27.2 million pounds in this year. UK main trading partners Although the share of both imports and exports from the European Union has been declining recently, the single market is still by far the UK's main trading partner. In terms of individual countries, the United States was the main export partner in 2024 at 16.1 percent of all exports, while Germany was the UK's main import partner with 12.5 percent of imports coming from there in 2024. A main argument of the Leave vote, was that the UK should seek to improve up its trade with the rest of the world, outside of Europe. The success of this 'Global Britain' strategy, depends on the UK significantly scaling up its trade with other continents, with countries outside of Europe still responsible for far less trade than European ones. Brexit and EU trade At the start of 2021, the United Kingdom exited both the European Single Market and the European Customs Union, with the UK's trading relationship with the EU now determined by a new Trade and Cooperation Agreement (TCA). Although the TCA continued tariff and quota-free goods trade between the EU and UK, a number of customs checks came into force, increasing trade friction between the two parties. The status of Northern Ireland in the initial agreement was also different from the rest of the UK. Goods entering Northern Ireland from Great Britain were initially subject to customs checks, to prevent customs checks occurring at the border with the Republic of Ireland. In February 2023, it was announced that under a new EU-UK agreement called the Windsor Framework, some goods entering Northern Ireland from Britain will be subject to fewer checks.

In 2023, the production volume of clothes in Vietnam amounted to approximately 5.7 million pieces, a slight decrease compared to the year before. Within the observed timeline, the volume of clothes produced in Vietnam had been increasing steadily year on year before falling slightly in 2020 due to the impact of the COVID-19 pandemic. Textile exports from Vietnam The manufacturing sector has become an important contributor to Vietnam’s GDP, as it develops into an increasingly export-based economy. Garment and textiles had one of the highest export turnovers among major commodities in Vietnam in recent years. Additionally, textile production has been among the biggest receivers of investment from both foreign and domestic sources. As a result, Vietnam has become one of the leading textiles exporting countries worldwide. Vietnam’s apparel industry post COVID-19 pandemic The COVID-19 pandemic has negatively impacted the apparel industry globally, and Vietnam is no exception. Many main import partners of Vietnamese textiles experienced a crash in demand due to the pandemic. This resulted in significant order cancellations and subsequently reported revenue loss for the country’s textile and apparel exports. On the other hand, Vietnam signed several new Free Trade Agreements in 2020, promising more opportunities for exporting its textile products in the future.

In 2024, the production volume of clothes in Vietnam amounted to approximately *** million pieces, an increase compared to the year before. Within the observed timeline, the volume of clothes produced in Vietnam had been increasing steadily year on year before falling slightly in 2020 due to the impact of the COVID-19 pandemic. Textile exports from Vietnam The manufacturing sector has become an important contributor to Vietnam’s GDP, as it develops into an increasingly export-based economy. Garment and textiles had one of the highest export turnovers among major commodities in Vietnam in recent years. Additionally, textile production has been among the biggest receivers of investment from both foreign and domestic sources. As a result, Vietnam has become one of the leading textiles exporting countries worldwide. Vietnam’s apparel industry post COVID-19 pandemic The COVID-19 pandemic has negatively impacted the apparel industry globally, and Vietnam is no exception. Many main import partners of Vietnamese textiles experienced a crash in demand due to the pandemic. This resulted in significant order cancellations and subsequently reported revenue loss for the country’s textile and apparel exports. On the other hand, Vietnam signed several new Free Trade Agreements in 2020, promising more opportunities for exporting its textile products in the future.