Korea, Rep.: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Korea, Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 11.38.
That's up 5.1% from 2022, the highest value since .
The global average for this indicator in 2023 was 18.45 . Korea, Rep. ranks #101 globally out of 201 reporting countries. Within East Asia & Pacific, it ranks #7 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
- 14.89
- Trough
- 9.69
- 1-year change
- +5.1%
- 5-year change
- +7.2%
- +1.4% / yr
- 10-year change
- -15.5%
- -1.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 11.3823 | |
| 10.8300 | |
| 10.0679 | |
| 9.6919 | |
| 11.3290 | |
| 10.6219 | |
| 11.5002 | |
| 12.2819 | |
| 12.2987 | |
| 13.4158 |
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, Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Korea, Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 11.38, according to World Bank Open Data.
- Is Korea, Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Korea, Rep.'s Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 5.1% from 2022 to 2023.
- How does Korea, Rep. rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Korea, Rep. ranked #101 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Korea, 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, Rep. is below the world average. Within East Asia & Pacific, it ranks #7 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.