Korea, Dem. People's Rep.: Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
In , Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 74.18.
That's up 74.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 21.22 . Korea, Dem. People's Rep. ranks #8 globally out of 202 reporting countries. Within East Asia & Pacific, it ranks #6 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.WR.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
- 86.05
- Trough
- 22.39
- 1-year change
- +74.1%
- 5-year change
- +127.7%
- +17.9% / yr
- 10-year change
- -7.2%
- -0.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) |
|---|---|
| 74.1829 | |
| 42.6088 | |
| 32.1910 | |
| 40.1950 | |
| 49.5566 | |
| 32.5856 | |
| 86.0549 | |
| 73.8433 | |
| 77.5840 | |
| 70.2249 |
About Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Indicator code: TX.VAL.MRCH.WR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023?
- In 2023, Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 74.18, according to World Bank Open Data.
- Is Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) rising or falling?
- Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) rose 74.1% from 2022 to 2023.
- How does Korea, Dem. People's Rep. rank globally on Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)?
- In 2023, Korea, Dem. People's Rep. ranked #8 out of 202 countries reporting Merchandise exports to low- and middle-income economies within region (% of total merchandise exports).
- How does Korea, Dem. People's Rep.'s Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023 was 21.22, so Korea, Dem. People's Rep. is above the world average. Within East Asia & Pacific, it ranks #6 of 36.
- What is Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Source: World Bank Open Data (TX.VAL.MRCH.WR.ZS), CC BY 4.0.