Based on a comparison of 169 countries in 2021, Hong Kong ranked the highest in merchandise trade as a share of GDP with 374% followed by Singapore and Djibouti. On the other end of the scale was Cuba with 8.32%, Ethiopia with 17.9% and Haiti with 20.0%.
Average merchandise trade as a share of GDP reached 46.8% in 2021 in the World according to the National Statistical Office. This is 10.3 % more than in the previous year and -6.67 % less than 10 years ago.
Historically, average merchandise trade as a share of GDP reached an all time high of 51.1% in 2008 and an all time low of 16.0% in 1962. The average annual growth amounted to 1.71 % since 1960.
Data for more countries are available at Merchandise Trade (As % of GDP) indicator page.
Merchandise Trade (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Belgium | % | 167% | 163% | 167% | 170% | 163% | ||||||||||||||||
Brunei | % | 74.1% | 66.3% | 71.4% | 79.1% | 90.1% | ||||||||||||||||
Cambodia | % | 121% | 112% | 115% | 123% | 130% | ||||||||||||||||
Czechia | % | 159% | 156% | 158% | 155% | 150% | ||||||||||||||||
Djibouti | % | 41.5% | 156% | 244% | 245% | 263% | ||||||||||||||||
Hong Kong | % | 346% | 331% | 334% | 330% | 306% | ||||||||||||||||
Hungary | % | 152% | 152% | 155% | 153% | 149% | ||||||||||||||||
Macedonia | % | 109% | 108% | 118% | 126% | 132% | ||||||||||||||||
Malaysia | % | 125% | 119% | 130% | 130% | 121% | ||||||||||||||||
Netherlands | % | 141% | 137% | 147% | 150% | 148% | ||||||||||||||||
Singapore | % | 211% | 193% | 204% | 208% | 200% | ||||||||||||||||
Slovakia | % | 166% | 169% | 173% | 176% | 170% | ||||||||||||||||
Slovenia | % | 143% | 142% | 153% | 160% | 164% | ||||||||||||||||
United Arab Emirates | % | 152% | 152% | 146% | 148% | 162% | ||||||||||||||||
Vietnam | % | 137% | 137% | 152% | 155% | 155% |