What is the dependence on foreign trade in 2020?

It is 70.0 1%. Dependence on foreign trade, also known as foreign trade coefficient (traditional foreign trade coefficient), refers to the proportion of a country's total import and export to its gross national product or gross domestic product.

Among them, the proportion of total imports to GNP or GDP is called import dependence, and the proportion of total exports to GNP or GDP is called export dependence. Dependence on foreign trade reflects a country's dependence on the international market and is an important indicator to measure a country's opening to the outside world.

foreign trade dependence degree

The dependence on foreign trade is an important index to measure the dependence on foreign trade of a country's national economy, which is expressed by the proportion of its total foreign trade to its GDP.

In order to accurately express the dependence of a country's economic growth on foreign trade, people divide foreign trade dependence into import dependence and export dependence. Import dependence reflects the openness of a country's market, and export dependence reflects the dependence of a country's economy on foreign trade.