In 2022, the U.S. trade-to-GDP ratio was 27%, according to the World Bank. Most world economic powers scored considerably higher, with Nigeria at 26%, India at 49%, and China at 38%. The ratio has ranged from 9% in 1960 to just under 11% in 1970 to 25% by 2000. This was also the period when cheaper goods from Japan and Taiwan began taking hold.