Korea, Dem. People's Rep.: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 20.66.
That's down 59.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 18.45 . Korea, Dem. People's Rep. ranks #66 globally out of 201 reporting countries. Within East Asia & Pacific, it ranks #4 of 32.
Source: World Bank Open Data (TX.VAL.MRCH.OR.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
- 61.55
- Trough
- 11.42
- 1-year change
- -59.1%
- 5-year change
- -66.4%
- -19.6% / yr
- 10-year change
- +69.5%
- +5.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 20.6588 | |
| 50.4529 | |
| 56.9707 | |
| 52.1789 | |
| 43.5092 | |
| 61.5460 | |
| 11.4244 | |
| 24.3190 | |
| 18.3037 | |
| 26.1165 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 20.66, according to World Bank Open Data.
- Is Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) fell 59.1% from 2022 to 2023.
- How does Korea, Dem. People's Rep. rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Korea, Dem. People's Rep. ranked #66 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Korea, Dem. People's Rep. is above the world average. Within East Asia & Pacific, it ranks #4 of 32.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.OR.ZS), CC BY 4.0.