Korea, Rep. | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Merchandise imports from high-income economies (% of total merchandise imports)
1960 91.86962751
1961 93.30867518
1962 92.12106654
1963 92.90944812
1964 91.95146112
1965 91.10915493
1966 88.9586823
1967 90.51109549
1968 90.27247956
1969 90.64385214
1970 89.69928978
1971 90.30573887
1972 90.95162569
1973 88.83413887
1974 87.81526081
1975 90.49274009
1976 89.63157229
1977 89.86285143
1978 91.50445078
1979 88.35970182
1980 87.08958065
1981 85.4543369
1982 81.67850162
1983 82.17576863
1984 80.62975261
1985 78.04784597
1986 83.65512786
1987 84.31278396
1988 84.043545
1989 83.91857264
1990 78.00163113
1991 81.55247557
1992 79.83144894
1993 77.98527534
1994 79.77723062
1995 79.93842055
1996 79.35374308
1997 76.90129982
1998 77.35685058
1999 75.46187187
2000 75.1532138
2001 73.70206131
2002 72.61892534
2003 72.94524947
2004 71.17755024
2005 70.04180209
2006 68.15117776
2007 65.14266243
2008 64.84660679
2009 65.02223209
2010 64.14295037
2011 63.07283157
2012 64.49718171
2013 64.511974
2014 63.20724552
2015 60.51276405
2016 59.26529486
2017 58.69524371
2018 57.97027608
2019 56.64501927
2020 56.21686514
2021
2022

Korea, Rep. | Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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. Development relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source