Korea, Rep.: Merchandise exports to high-income economies (% of total merchandise exports)
In , Korea, Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 53.47.
That's up 6.0% from 2022, the highest value since .
The global average for this indicator in 2023 was 60.91 . Korea, Rep. ranks #131 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #21 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
- 62.34
- Trough
- 47.55
- 1-year change
- +6.0%
- 5-year change
- +12.5%
- +2.4% / yr
- 10-year change
- +8.9%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to high-income economies (% of total merchandise exports) |
|---|---|
| 53.4745 | |
| 50.4403 | |
| 49.3013 | |
| 47.9279 | |
| 47.5992 | |
| 47.5531 | |
| 47.6426 | |
| 49.1160 | |
| 49.5235 | |
| 49.8250 |
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, Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) in 2023?
- In 2023, Korea, Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) was 53.47, according to World Bank Open Data.
- Is Korea, Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) rising or falling?
- Korea, Rep.'s Merchandise exports to high-income economies (% of total merchandise exports) rose 6.0% from 2022 to 2023.
- How does Korea, Rep. rank globally on Merchandise exports to high-income economies (% of total merchandise exports)?
- In 2023, Korea, Rep. ranked #131 out of 205 countries reporting Merchandise exports to high-income economies (% of total merchandise exports).
- How does Korea, 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, Rep. is below the world average. Within East Asia & Pacific, it ranks #21 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.