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)
91.86962751 1960
93.30867518 1961
92.12106654 1962
92.90944812 1963
91.95146112 1964
91.10915493 1965
88.9586823 1966
90.51109549 1967
90.27247956 1968
90.64385214 1969
89.69928978 1970
90.30573887 1971
90.95162569 1972
88.83413887 1973
87.81526081 1974
90.49274009 1975
89.63157229 1976
89.86285143 1977
91.50445078 1978
88.35970182 1979
87.08958065 1980
85.4543369 1981
81.67850162 1982
82.17576863 1983
80.62975261 1984
78.04784597 1985
83.65512786 1986
84.31278396 1987
84.043545 1988
83.91857264 1989
78.00163113 1990
81.55247557 1991
79.83144894 1992
77.98527534 1993
79.77723062 1994
79.93842055 1995
79.35374308 1996
76.90129982 1997
77.35685058 1998
75.46187187 1999
75.1532138 2000
73.70206131 2001
72.61892534 2002
72.94524947 2003
71.17755024 2004
70.04180209 2005
68.15117776 2006
65.14266243 2007
64.84660679 2008
65.02223209 2009
64.14295037 2010
63.07283157 2011
64.49718171 2012
64.511974 2013
63.20724552 2014
60.51276405 2015
59.26529486 2016
58.69524371 2017
57.97027608 2018
56.64501927 2019
56.21686514 2020
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