Which has higher trade, Republic of Korea or Panama?

Republic of Korea, at 86.4% against 83.7% in Panama as of 2025.

What is the difference in trade between Republic of Korea and Panama?

2.7%, with Republic of Korea ahead.

How many years of comparable data are there for Republic of Korea and Panama?

65 years are reported by both, from 1960 to 2024.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as Trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Republic of Korea vs Panama: Trade

Republic of Korea

86.4%

in 2025

Panama

83.7%

in 2024

Republic of Korea rank

91st

Panama rank

94th

Trade over time

Republic of Korea
Panama

How they compare

Republic of Korea currently reports 86.4% against 83.7% in Panama, a difference of 2.7%.

The two have swapped places 1 time across 65 shared years of data; in 1960 it was Panama ahead.

Republic of Korea ranks 91st and Panama ranks 94th of 193 countries.

Panama has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade	Republic of Korea	Panama	Difference	Ahead
1960s	22.9%	110.8%	87.9%	Panama
1970s	47.6%	129.3%	81.7%	Panama
1980s	58.1%	107.0%	49.0%	Panama
1990s	52.1%	146.7%	94.6%	Panama
2000s	69.0%	137.4%	68.4%	Panama
2010s	83.7%	113.6%	30.0%	Panama
2020s	79.7%	82.9%	3.2%	Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher trade, Republic of Korea or Panama?: Republic of Korea, at 86.4% against 83.7% in Panama as of 2025.
What is the difference in trade between Republic of Korea and Panama?: 2.7%, with Republic of Korea ahead.
How many years of comparable data are there for Republic of Korea and Panama?: 65 years are reported by both, from 1960 to 2024.
How do Republic of Korea and Panama rank globally for trade?: Republic of Korea ranks 91st and Panama ranks 94th of 193 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as Trade (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Republic of Korea vs Panama: Trade. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 05 September 2026, from https://economy.statizoid.com/compare/trade-percent-of-gdp/korea-rep/panama/

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About this data

Indicator: Trade (% of GDP)
Unit: % of GDP
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 236 places, 11,229 data points, 1960–2025
Last refreshed: 03 September 2026

Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.