Korea, Rep.: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 8.67.
That's down 6.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 22.36 . Korea, Rep. ranks #154 globally out of 204 reporting countries. Within East Asia & Pacific, it ranks #4 of 35.
Source: World Bank Open Data (TM.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
- 10.16
- Trough
- 5.88
- 1-year change
- -6.4%
- 5-year change
- -1.4%
- -0.3% / yr
- 10-year change
- -3.7%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 8.6672 | |
| 9.2576 | |
| 8.3446 | |
| 7.5603 | |
| 8.7630 | |
| 8.7918 | |
| 8.8371 | |
| 7.9461 | |
| 7.7481 | |
| 8.7771 |
About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 8.67, according to World Bank Open Data.
- Is Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) fell 6.4% from 2022 to 2023.
- How does Korea, Rep. rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, Korea, Rep. ranked #154 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does Korea, Rep.'s Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so Korea, Rep. is below the world average. Within East Asia & Pacific, it ranks #4 of 35.
- What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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.OR.ZS), CC BY 4.0.