Actual value and historical data chart for South Korea Trade Percent Of GDP

In 2024, South Korea's exports and imports of goods and services as a share of the country's GDP stood at almost **** percent. This was up from about **** percent of GDP in the previous year. After the Korean War (1950-1953), South Korea developed into an export-oriented country, which was, among other things, an important factor for the country's economic growth. South Korea's share of imports and exports in its GDP is relatively high compared to other member countries of the Organization for Economic Cooperation and Development (OECD).

Historical dataset showing South Korea trade to gdp ratio by year from 1960 to 2023.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

• South Korea Total Trade of Goods & Services: % of Nominal GDP recorded 84.556 % in Jun 2025, compared with 88.936 % in the previous quarter.
• South Korea Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Jun 2025, with an averaged value of 46.069 %.
• The data reached an all-time high of 104.825 % in Jun 2012 and a record low of 13.266 % in Dec 1960.

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 Bank of Korea provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency.

Historical dataset showing North Korea trade to gdp ratio by year from N/A to N/A.

Actual value and historical data chart for South Korea Exports Of Goods And Services Percent Of GDP

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2030. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2024, South Korea's GDP was around 1.9 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economy South Korea is doing quite well economically. It is among the leading export countries worldwide, it mainly exports electronics, automobiles and machinery. South Korea is also one of the leading import countries worldwide. Additionally, it is one of the leading countries with the largest proportion of global domestic product / GDP based on Purchasing Power Parity (PPP). Its GDP has been increasing for the last few years, while the gross domestic product / GDP growth in South Korea has not been steady but increasing since 2009. South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.

The share of exports in the gross domestic product (GDP) in South Korea stood at 44 percent in 2023. Between 1960 and 2023, the share rose by 41.36 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

South Korea GDP Nowcast: sa: YoY: Contribution: Trade Statistics: Exports fob data was reported at 0.000 % in 01 Dec 2025. This stayed constant from the previous number of 0.000 % for 24 Nov 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Trade Statistics: Exports fob data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 01 Dec 2025, with 361 observations. The data reached an all-time high of 0.000 % in 01 Dec 2025 and a record low of 0.000 % in 01 Dec 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Trade Statistics: Exports fob data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s South Korea – Table KR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Korea Exports: % of GDP data was reported at 42.800 % in 2016. This records a decrease from the previous number of 46.300 % for 2015. Korea Exports: % of GDP data is updated yearly, averaging 44.550 % from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 57.800 % in 2012 and a record low of 33.300 % in 2002. Korea Exports: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Korea – Table KR.IMF: Contribution to GDP.

The Gross Domestic Product (GDP) in South Korea expanded 1.30 percent in the third quarter of 2025 over the previous quarter. This dataset provides - South Korea GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the merchandise trade as a share of the gross domestic product (GDP) was reported at **** percent in South Korea. This shows a significant increase from the previous year in 2021.

North Korea: Trade balance as percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for North Korea from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Yearly (annual) dataset of the South Korea Trade (% GDP), including historical data, latest releases, and long-term trends from 1960-12-31 to 2023-12-31. Available for free download in CSV format.

South Korea GDP: Exports of Goods and Services data was reported at 301,862.900 KRW bn in Dec 2024. This records an increase from the previous number of 286,532.600 KRW bn for Sep 2024. South Korea GDP: Exports of Goods and Services data is updated quarterly, averaging 16,853.800 KRW bn from Mar 1960 (Median) to Dec 2024, with 260 observations. The data reached an all-time high of 301,862.900 KRW bn in Dec 2024 and a record low of 1.060 KRW bn in Mar 1960. South Korea GDP: Exports of Goods and Services data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A001: SNA08: GDP: by Expenditure: Current Price.

In 2023, South Korea's nominal gross domestic product (GDP) reached approximately ***** trillion South Korean won, while North Korea's amounted to about **** trillion South Korean won. Consequently, South Korea's nominal GDP was approximately ** times larger than that of North Korea during that year. Moreover, North Korea's GDP growth has been notably slower than that of South Korea.North Korea's economic development North Korea's economy is centered around its capital city and military, with particular emphasis on the expansion of its nuclear capabilities in recent decades. Roughly ** percent of foreign trade has been with China in the past decade, from which it imports mainly intermediate goods and raw materials. Food shortages, exacerbated by the COVID-19 pandemic, are a recurring issue for North Korea, as poor harvests, international sanctions, and a downturn in inter-Korean trade have created sourcing problems. The full extent of this issue remains unknown, but it is estimated that almost **** the population is undernourished. Kaesong Industrial ComplexThe Kaesong Industrial Complex project began in 2000 and was a crucial part of South Korea's efforts to improve relations with North Korea. It aimed to foster cooperation between the two Koreas and promote stability in the region. The industrial park, located in Kaesong, North Korea, was intended to provide a platform for small and medium-sized South Korean companies. South Korea would provide the necessary capital and infrastructure, while North Korean workers would be tasked with manufacturing products, aiming to stimulate economic growth on both sides of the border. Unfortunately, the complex was affected by tensions between the two Koreas and shut down in 2016. It has not been reopened since.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Korea (NAEXKP06KRQ657S) from Q2 1960 to Q3 2025 about Korea, exports, goods, services, real, and GDP.

Actual value and historical data chart for South Korea Trade In Services Percent Of GDP

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Korea (NAEXKP06KRA657S) from 1961 to 2024 about Korea, exports, goods, services, real, and GDP.