Korea, Dem. People's Rep.: Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
In , Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 97.10.
That's up 24.9% from 2022, the highest value on record.
The global average for this indicator in 2023 was 20.25 . Korea, Dem. People's Rep. ranks #1 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #1 of 36.
Source: World Bank Open Data (TM.VAL.MRCH.R1.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
- 97.10
- Trough
- 41.53
- 1-year change
- +24.9%
- 5-year change
- +21.3%
- +3.9% / yr
- 10-year change
- +13.4%
- +1.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) |
|---|---|
| 97.1011 | |
| 77.7356 | |
| 95.3061 | |
| 90.4538 | |
| 91.8799 | |
| 80.0298 | |
| 92.3491 | |
| 89.0801 | |
| 82.3576 | |
| 90.0200 |
About Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: TM.VAL.MRCH.R1.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023?
- In 2023, Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 97.10, according to World Bank Open Data.
- Is Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rising or falling?
- Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rose 24.9% from 2022 to 2023.
- How does Korea, Dem. People's Rep. rank globally on Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)?
- In 2023, Korea, Dem. People's Rep. ranked #1 out of 205 countries reporting Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports).
- How does Korea, Dem. People's Rep.'s Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023 was 20.25, so Korea, Dem. People's Rep. is above the world average. Within East Asia & Pacific, it ranks #1 of 36.
- What is Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 (TM.VAL.MRCH.R1.ZS), CC BY 4.0.