Merchandise trade as a proportion of GDP in Asia
Asia: Merchandise trade as a proportion of GDP was 48.3% in 2024. ▬ Flat
Latest (2024)
48.3%
Change on year
up 1.3%
Rank
17th
of 37 groups
All-time high
60.6%
in 2008
All-time low
38.5%
in 2001
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Asia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Asia stood at 48.3%.
That represents a change of up 1.3% on the previous year and down 8.9% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Asia peaked at 60.6% in 2008 and was at its lowest, 38.5%, in 2001.
Asia ranks 17th of 37 groups on this measure, in the middle of the range.
Merchandise trade as a proportion of GDP in Asia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 38.7% | — |
| 2001 | 38.5% | -0.5% |
| 2002 | 40.5% | +5.1% |
| 2003 | 43.7% | +7.9% |
| 2004 | 48.8% | +11.8% |
| 2005 | 52.8% | +8.2% |
| 2006 | 57.1% | +8.1% |
| 2007 | 58.2% | +1.9% |
| 2008 | 60.6% | +4.0% |
| 2009 | 47.6% | -21.4% |
| 2010 | 52.3% | +9.9% |
| 2011 | 55.1% | +5.3% |
| 2012 | 54.2% | -1.7% |
| 2013 | 54.9% | +1.2% |
| 2014 | 53.0% | -3.4% |
| 2015 | 47.1% | -11.0% |
| 2016 | 43.0% | -8.8% |
| 2017 | 45.0% | +4.7% |
| 2018 | 46.4% | +3.0% |
| 2019 | 44.1% | -4.9% |
| 2020 | 42.1% | -4.5% |
| 2021 | 46.8% | +11.1% |
| 2022 | 51.3% | +9.6% |
| 2023 | 47.6% | -7.1% |
| 2024 | 48.3% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48.7% | 38.5% | 60.6% | 10 |
| 2010s | 49.5% | 43.0% | 55.1% | 10 |
| 2020s | 47.2% | 42.1% | 51.3% | 5 |
Countries ranked near Asia
- 14 Brunei Darussalam 120.8% compare
- 14 Brunei Darussalam 120.8% compare
- 16 North Macedonia 120.3% compare
- 17 Cambodia 119.4% compare
- 18 American Samoa 117.7% compare
- 19 Kiribati 116.6% compare
- 20 Armenia 116.2% compare
More economy & growth data for Asia
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 106.47 USD (2024)
- Gross Fixed Capital Formation — Value US$ 13.40 million million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 12.58 million million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 33.73 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.88 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.51 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 4.9 % (2024)
- Gross Domestic Product — Annual growth US$ 5.54 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 37.66 million million USD (2024)
- Gross Domestic Product — Value US$ 39.74 million million USD (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Asia?
- Merchandise trade as a proportion of gdp in Asia was 48.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Asia?
- The highest recorded value was 60.6% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Asia?
- The lowest recorded value was 38.5% in 2001.
- How does Asia rank for merchandise trade as a proportion of gdp?
- Asia ranks 17th out of 37 groups with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Asia?
- Over the last ten years it is down 8.9%. The long-run trend across the full record is flat.
- Where does this Asia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).