Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — G20

Merchandise trade (% of GDP) in the G20 in 2025 — 33.13%. Since 1960, the indicator has risen by 19.22 pp.

2025 33.13% −0.24 pp vs 2024
World rank
Period maximum 40.14%2008
Period minimum 13.44%1962

Trend over time

1960–2025 · % of GDP

Merchandise trade (% of GDP) — G20, 1960–2025020406019601967197419811988199520022009201620231960: 13.91%1962: 13.44%1964: 13.84%1966: 14.25%1968: 14.69%1970: 15.85%1972: 16.58%1974: 24.08%1976: 23.31%1978: 23.22%1980: 28.26%1982: 25.56%1984: 24.93%1986: 22.46%1988: 23.51%1990: 24.83%1992: 23.77%1994: 24.05%1996: 26.34%1998: 27.5%2000: 30.04%2002: 29.15%2004: 32.88%2006: 37.12%2008: 40.14%2010: 36.47%2012: 38.53%2014: 37.37%2016: 32.49%2018: 34.85%2020: 31.51%2022: 37.54%2024: 33.36%2025: 33.13%
Change over the period: +19.22 pp Annual average: 0.3 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: G20

G20 33.13%
World 43.89%
Merchandise trade (% of GDP) — G20, by year G20 All countries CSV XLSX
Year % Change, pp
2025 33.13 −0.24 pp
2024 33.36 −0.73 pp
2023 34.09 −3.45 pp
2022 37.54 +2.84 pp
2021 34.69 +3.18 pp
2020 31.51 −1.85 pp
2019 33.36 −1.49 pp
2018 34.85 +1.15 pp
2017 33.71 +1.22 pp
2016 32.49 −1.96 pp
2015 34.45 −2.91 pp
2014 37.37 −0.75 pp
2013 38.11 −0.42 pp
2012 38.53 −0.8 pp
2011 39.33 +2.86 pp
2010 36.47 +4.05 pp
2009 32.42 −7.72 pp
2008 40.14 +2.1 pp
2007 38.04 +0.92 pp
2006 37.12 +2.42 pp
2005 34.7 +1.83 pp
2004 32.88 +2.45 pp
2003 30.43 +1.28 pp
2002 29.15 +0.05 pp
2001 29.1 −0.94 pp
2000 30.04 +2.47 pp
1999 27.57 +0.07 pp
1998 27.5 −0.02 pp
1997 27.52 +1.18 pp
1996 26.34 +0.72 pp
1995 25.62 +1.57 pp
1994 24.05 +1.24 pp
1993 22.81 −0.96 pp
1992 23.77 −0.32 pp
1991 24.09 −0.73 pp
1990 24.83 +0.67 pp
1989 24.15 +0.64 pp
1988 23.51 +0.52 pp
1987 22.99 +0.54 pp
1986 22.46 −1.54 pp
1985 24 −0.93 pp
1984 24.93 +0.91 pp
1983 24.02 −1.54 pp
1982 25.56 −1.81 pp
1981 27.37 −0.89 pp
1980 28.26 +2.57 pp
1979 25.69 +2.47 pp
1978 23.22 −0.3 pp
1977 23.53 +0.22 pp
1976 23.31 +1.06 pp
1975 22.24 −1.84 pp
1974 24.08 +5.2 pp
1973 18.88 +2.3 pp
1972 16.58 +0.57 pp
1971 16.01 +0.16 pp
1970 15.85 +0.71 pp
1969 15.13 +0.44 pp
1968 14.69 +0.55 pp
1967 14.14 −0.11 pp
1966 14.25 +0.37 pp
1965 13.88 +0.04 pp
1964 13.84 +0.25 pp
1963 13.6 +0.16 pp
1962 13.44 −0.21 pp
1961 13.65 −0.26 pp
1960 13.91

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.