China: Trade (% of GDP)
In , China's Trade (% of GDP) was 37.20.
That's up 3.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . China ranks #148 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #24 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 63.57
- Trough
- 34.04
- 1-year change
- +3.0%
- 5-year change
- +5.7%
- +1.1% / yr
- 10-year change
- -15.6%
- -1.7% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 37.1984 | |
| 36.1052 | |
| 37.4407 | |
| 36.5207 | |
| 34.0390 | |
| 35.1994 | |
| 36.8944 | |
| 36.9509 | |
| 36.1772 | |
| 38.6972 |
About Trade (% of GDP)
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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was China's Trade (% of GDP) in 2024?
- In 2024, China's Trade (% of GDP) was 37.20, according to World Bank Open Data.
- Is China's Trade (% of GDP) rising or falling?
- China's Trade (% of GDP) rose 3.0% from 2023 to 2024.
- How does China rank globally on Trade (% of GDP)?
- In 2024, China ranked #148 out of 160 countries reporting Trade (% of GDP).
- How does China's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so China is below the world average. Within East Asia & Pacific, it ranks #24 of 24.
- What is Trade (% of GDP) and how is it measured?
- 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.