trade openness무역 개방도
Exports plus imports of goods and services as a share of a country's income or output. A higher ratio means the economy depends more on trade.
In these articles
- Korea's steel fell and cars stalled in the year of US tariffs, but exports set a record
Here: Korea's ratio uses gross national income as the denominator; the euro-area comparisons use GDP, so the two are not strictly comparable.