{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"kr-merchandise-trade-gdp","url":"https://apiardata.com/statistics/kr-merchandise-trade-gdp","html_url":"https://apiardata.com/statistics/kr-merchandise-trade-gdp/","title":"South Korea Merchandise Trade (% of GDP) (2025)","description":"South Korea's Merchandise Trade (% of GDP): 71.6 % of GDP in 2025, +1.5pp YoY. World Bank (TG.VAL.TOTL.GD.ZS), 1976–2025.","domain":"trade","category":"Trade & Flows","keywords":["Trade & Investment","World Bank","South Korea","2025"],"publisher":"World Bank","frequency":"Annual","geography":"South Korea","temporal_coverage":"1976/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"South Korea Merchandise Trade (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS?locations=KR"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1976–2025"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Korea"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Korea (2025)","value":"71.6","unit":"% of GDP","trend":{"direction":"up","value":"+1.5pp YoY"}},{"label":"YoY Change","value":"+1.5pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Korea Merchandise Trade (% of GDP)"}],"observation_count":50,"observations":[{"period":"1976","value":54.2950828593975},{"period":"1977","value":53.3963569433866},{"period":"1978","value":52.4261397415439},{"period":"1979","value":51.9888081668821},{"period":"1980","value":59.8124928383065},{"period":"1981","value":63.8049256830158},{"period":"1982","value":57.6867490172722},{"period":"1983","value":56.5022509157335},{"period":"1984","value":60.0262787369489},{"period":"1985","value":59.1899247427362},{"period":"1986","value":55.2656766640345},{"period":"1987","value":58.0010323709554},{"period":"1988","value":54.7539186735489},{"period":"1989","value":48.7113868934393},{"period":"1990","value":46.1747759991408},{"period":"1991","value":45.0034102602005},{"period":"1992","value":43.1719291110728},{"period":"1993","value":40.9252723183759},{"period":"1994","value":41.3957713740329},{"period":"1995","value":44.3771114598581},{"period":"1996","value":44.3687248907573},{"period":"1997","value":47.6542423713029},{"period":"1998","value":56.7824265147941},{"period":"1999","value":51.0836711278643},{"period":"2000","value":55.6914047313242},{"period":"2001","value":51.3662927646474},{"period":"2002","value":48.3984668844702},{"period":"2003","value":51.1510724491557},{"period":"2004","value":58.0998914622595},{"period":"2005","value":56.1525526072436},{"period":"2006","value":57.9676935502751},{"period":"2007","value":59.6550002715194},{"period":"2008","value":78.5358339385202},{"period":"2009","value":69.8447031156957},{"period":"2010","value":74.7462746775877},{"period":"2011","value":82.5969036741403},{"period":"2012","value":79.9386023823032},{"period":"2013","value":74.9451954074323},{"period":"2014","value":70.5961953507289},{"period":"2015","value":62.5811006895775},{"period":"2016","value":57.0951906853125},{"period":"2017","value":61.5234472799593},{"period":"2018","value":62.4947836718703},{"period":"2019","value":59.7115180327613},{"period":"2020","value":56.1979074626573},{"period":"2021","value":64.8449882301012},{"period":"2022","value":78.6364345660289},{"period":"2023","value":69.1021983041469},{"period":"2024","value":70.1388647642219},{"period":"2025","value":71.6322866701575}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"71.6","yoyChange":"+1.5pp"},{"year":"2024","value":"70.1","yoyChange":"+1.0pp"},{"year":"2023","value":"69.1","yoyChange":"-9.5pp"},{"year":"2022","value":"78.6","yoyChange":"+13.8pp"},{"year":"2021","value":"64.8","yoyChange":"+8.6pp"},{"year":"2020","value":"56.2","yoyChange":"-3.5pp"},{"year":"2019","value":"59.7","yoyChange":"-2.8pp"},{"year":"2018","value":"62.5","yoyChange":"+1.0pp"},{"year":"2017","value":"61.5","yoyChange":"+4.4pp"},{"year":"2016","value":"57.1","yoyChange":"-5.5pp"},{"year":"2015","value":"62.6","yoyChange":"-8.0pp"},{"year":"2014","value":"70.6","yoyChange":"-4.3pp"},{"year":"2013","value":"74.9","yoyChange":"-5.0pp"},{"year":"2012","value":"79.9","yoyChange":"-2.7pp"},{"year":"2011","value":"82.6","yoyChange":"+7.9pp"},{"year":"2010","value":"74.7","yoyChange":"+4.9pp"},{"year":"2009","value":"69.8","yoyChange":"-8.7pp"},{"year":"2008","value":"78.5","yoyChange":"+18.8pp"},{"year":"2007","value":"59.7","yoyChange":"+1.7pp"},{"year":"2006","value":"58.0","yoyChange":"+1.8pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total merchandise trade (exports plus imports of goods) as a share of GDP in South Korea from 1990 to present. Merchandise trade openness measures the integration of the goods economy into global supply chains. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1976–2025 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 82.6 % of GDP in 2011 and reached its lowest recorded value of 40.9 in 1993. The latest reading of 71.6 in 2025 represents a change of +1.5pp."}]}