Analyzing Trade Trends in China, India, Pakistan and Korea: A Statistical Exploration

Abstract

The study presents a comprehensive analysis of trade as a percentage of Gross Domestic Product (GDP) in China, India, Pakistan, and Korea over a specified time period, employing mean, standard deviation, and coefficient of variation techniques. These countries, as prominent Asian economies, exhibit distinct economic structures and trade policies, making them compelling subjects for investigation. The research reveals significant variations in trade intensity among the countries, with Korea displaying the highest mean trade-to-GDP ratio, followed by China, India, and Pakistan. Additionally, the standard deviation analysis exposes varying levels of trade stability, with India exhibiting the highest fluctuations. The coefficient of variation (CV) analysis highlights India's relative variability, while Pakistan maintains trade stability. These findings hold critical implications for policymakers, businesses, and academics, emphasizing the importance of understanding trade dynamics in navigating global economic challenges and opportunities. The research contributes to a deeper understanding of the economic complexities in these nations and provides valuable insights for informed decision-making in trade policy, economic development, and international engagement. Further research can delve into the drivers behind these variations and their long-term consequences for economic resilience and competitiveness.