📈 Asia Depends More on Hormuz, the U.S. and Israel Much Less
The global economy’s dependence on trade flows through the Strait of Hormuz is significantly lower than its reliance on energy shipments. In 2025, goods trade transiting the strait accounted for just 1.7% of global GDP (equivalent to 3.8% of total world trade).
Economic exposure is more pronounced in Asia. India shows the highest dependence, with Hormuz-linked trade equal to 5.3% of GDP, followed by South Korea and Malaysia (both 4.8%), Japan (2.4%), and China (1.8%).
In contrast, Western economies exhibit relatively limited exposure. The Netherlands (1.9%) and Italy (1.4%) show moderate dependence, while the United Kingdom, France, Spain, and Germany each remain below 1% of GDP. The United States (0.3%) and Israel (0.6%) have even lower economic reliance on Hormuz trade flows.
By comparison, Iran stands out as highly dependent, with approximately 40% of its GDP tied to trade passing through the strait.
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