Korea, Dem. People's Rep.: Merchandise exports to high-income economies (% of total merchandise exports)
In , Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 2.81.
That's down 31.5% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Korea, Dem. People's Rep. ranks #203 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #36 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 26.55
- Trough
- 1.41
- 1-year change
- -31.5%
- 5-year change
- -26.4%
- -5.9% / yr
- 10-year change
- -60.0%
- -8.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 2.8110 | |
| 4.1019 | |
| 7.2108 | |
| 4.9012 | |
| 5.7563 | |
| 3.8177 | |
| 1.9555 | |
| 1.4128 | |
| 3.2165 | |
| 3.1985 |
About Merchandise exports to high-income economies (% of total merchandise exports)
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 2.81, according to World Bank Open Data.
- Is Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) fell 31.5% from 2022 to 2023.
- How does Korea, Dem. People's Rep. rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Korea, Dem. People's Rep. ranked #203 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Korea, Dem. People's Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to high-income economies (% of total merchandise exports) in 2023 was 60.91, so Korea, Dem. People's Rep. is below the world average. Within East Asia & Pacific, it ranks #36 of 36.
- What is Merchandise exports to high-income economies (% of total merchandise exports) and how is it measured?
- Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TX.VAL.MRCH.HI.ZS), CC BY 4.0.