Korea, Rep.: Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
In , Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) was 32.86.
That's up 4.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 19.71 . Korea, Rep. ranks #45 globally out of 202 reporting countries. Within East Asia & Pacific, it ranks #21 of 36.
Source: World Bank Open Data (TM.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
- 33.50
- Trough
- 20.91
- 1-year change
- +4.3%
- 5-year change
- +10.7%
- +2.1% / yr
- 10-year change
- +35.9%
- +3.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) |
|---|---|
| 32.8565 | |
| 31.4966 | |
| 32.1409 | |
| 33.5024 | |
| 31.3697 | |
| 29.6798 | |
| 29.8418 | |
| 30.5511 | |
| 29.0664 | |
| 24.9777 |
About Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Indicator code: TM.VAL.MRCH.WR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in 2023?
- In 2023, Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) was 32.86, according to World Bank Open Data.
- Is Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) rising or falling?
- Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) rose 4.3% from 2022 to 2023.
- How does Korea, Rep. rank globally on Merchandise imports from low- and middle-income economies within region (% of total merchandise imports)?
- In 2023, Korea, Rep. ranked #45 out of 202 countries reporting Merchandise imports from low- and middle-income economies within region (% of total merchandise imports).
- How does Korea, Rep.'s Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in 2023 was 19.71, so Korea, Rep. is above the world average. Within East Asia & Pacific, it ranks #21 of 36.
- What is Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are 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. 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 (TM.VAL.MRCH.WR.ZS), CC BY 4.0.