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 September of 2025.

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 September of 2025.

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.

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.

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.

Switzerland Goods Trade: % of GDP data was reported at 83.732 % in 2017. This records a decrease from the previous number of 85.685 % for 2016. Switzerland Goods Trade: % of GDP data is updated yearly, averaging 53.027 % from Dec 1960 (Median) to 2017, with 48 observations. The data reached an all-time high of 98.672 % in 2013 and a record low of 42.476 % in 1967. Switzerland Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

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.

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 September of 2025.

The value of exports of goods and services, as a percentage of the gross domestic product (GDP). Also available for goods and services separately.

The sum of exports and imports of goods and services in Brazil corresponded to almost ***** percent of the country's Gross Domestic Product (GDP) in 2024. The trade-to-GDP ratio has been soaring since 2017.

Germany DE: Goods Trade: % of GDP data was reported at 70.595 % in 2023. This records a decrease from the previous number of 78.260 % for 2022. Germany DE: Goods Trade: % of GDP data is updated yearly, averaging 42.441 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 78.260 % in 2022 and a record low of 24.193 % in 1962. Germany DE: Goods Trade: % of GDP 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: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;

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.

International trade is an increasingly important component of the European economy. Since its early foundations were laid by the European Coal & Steel Community (ECSC) founded in 1951, trade between European member states has been at the core of the European project. International trade, that is, trade which the European Union does externally with countries who are not member states, has become a greater focus of the bloc in recent years, as the EU attempts to increase the global reach of its companies, while reaping the benefits of cheaper imports. The EU has put particular importance on reaching trade agreements with partners outside the union, as this removes trade barriers such as tariffs, quotas, as well as non-tariff barriers (such as regulations, licenses, and sanctions) which hamper trade activity. EU Trade Deals Recent trade agreements include the Comprehensive Economic & Trade Agreement with Canada (while not ratified by the member states' parliaments, it had been effectively in force since 2017) and the Japan-EU Economic partnership agreement, in force since 2019. The most significant regions which the EU has not concluded free trade agreements with are the United States, Russia, and China. The Transatlantic Trade & Investment Partnership (TTIP) between the U.S. and EU broke down at the negotiation stage, with powerful economic & political actors on the European side, such as trade unions, opposing the deal from the beginning, while the election of Donald Trump as President of the U.S. effectively ended any hopes of the deal being completed due to his "America First" trade policies. With the increasing geopolitical and economic competition between the U.S. and China, the EU now finds itself caught between the two superpowers, and is unlikely to be able to conclude a trade agreement with either without antagonizing the other country. EU trade with Russia, on the other hand, has broken down in light of Russia's invasion of Ukraine in 2022 and the subsequent sanctions imposed by the European member states.

Laos LA: Goods Trade: % of GDP data was reported at 51.194 % in 2016. This records a decrease from the previous number of 55.605 % for 2015. Laos LA: Goods Trade: % of GDP data is updated yearly, averaging 47.112 % from Dec 1984 (Median) to 2016, with 33 observations. The data reached an all-time high of 72.099 % in 1998 and a record low of 10.437 % in 1985. Laos LA: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted Average;

In the second quarter of 2024, 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.

Nigeria NG: Goods Trade: % of GDP data was reported at 24.456 % in 2017. This records an increase from the previous number of 18.287 % for 2016. Nigeria NG: Goods Trade: % of GDP data is updated yearly, averaging 51.641 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 110.305 % in 1993 and a record low of 18.287 % in 2016. Nigeria NG: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Vietnam VN: Goods Trade: % of GDP data was reported at 190.223 % in 2017. This records an increase from the previous number of 171.177 % for 2016. Vietnam VN: Goods Trade: % of GDP data is updated yearly, averaging 96.627 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 190.223 % in 2017 and a record low of 9.027 % in 1987. Vietnam VN: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Graph and download economic data for Shares of gross domestic product: Exports of goods and services (B020RE1Q156NBEA) from Q1 1947 to Q2 2025 about Shares of GDP, exports, goods, services, GDP, and USA.

Serbia RS: Goods Trade: % of GDP data was reported at 94.297 % in 2017. This records an increase from the previous number of 88.731 % for 2016. Serbia RS: Goods Trade: % of GDP data is updated yearly, averaging 71.668 % from Dec 2004 (Median) to 2017, with 13 observations. The data reached an all-time high of 94.297 % in 2017 and a record low of 57.237 % in 2009. Serbia RS: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

Trinidad and Tobago TT: Goods Trade: % of GDP data was reported at 58.358 % in 2017. This records a decrease from the previous number of 70.227 % for 2016. Trinidad and Tobago TT: Goods Trade: % of GDP data is updated yearly, averaging 95.581 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 190.106 % in 1974 and a record low of 49.784 % in 1985. Trinidad and Tobago TT: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;