# **Merchandise trade (% of GDP)**
- **The "Merchandise trade (% of GDP)"** is an economic indicator that measures the total value of a country's merchandise trade, including both exports and imports of goods, as a percentage of its **Gross Domestic Product (GDP)**.
- This indicator provides insight into the degree of a country's **openness to international trade** relative to the size of its economy.
- The chart shows the **"Merchandise trade (% of GDP)" for Mexico** over a **23-year period**, from **2000 to 2022**.
- **Mexico** is a major participant in international trade, particularly with the **United States**, largely due to trade agreements like **NAFTA** and its successor, the **USMCA**.