Korea, Rep. | 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. Development relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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 low- and middle-income economies outside region (% of total merchandise imports)
4.33381089 1960
3.49697377 1961
3.77131876 1962
3.01839614 1963
2.92223873 1964
3.36707746 1965
8.15187046 1966
6.06486595 1967
8.50817439 1968
8.1934847 1969
8.82486274 1970
7.94419848 1971
6.32831086 1972
8.98974419 1973
6.67405312 1974
5.79419482 1975
9.31249065 1976
9.61335579 1977
7.66282246 1978
10.34963025 1979
9.13981906 1980
9.04659032 1981
12.81226547 1982
12.48864322 1983
13.18732267 1984
14.64614592 1985
10.33765579 1986
9.6484215 1987
9.25437333 1988
9.19878349 1989
8.88657996 1990
16.35920848 1991
16.86225256 1992
17.87044241 1993
18.92836206 1994
18.72962771 1995
19.28594738 1996
22.51073392 1997
22.49276986 1998
24.41770154 1999
24.74542684 2000
26.16853116 2001
27.32797811 2002
27.00544931 2003
28.75625838 2004
29.84429158 2005
31.78661927 2006
34.80727179 2007
35.13302271 2008
34.93141991 2009
35.78801346 2010
36.86412191 2011
35.44212026 2012
35.42069392 2013
36.763193 2014
39.39681416 2015
40.60360157 2016
41.12962626 2017
41.61053825 2018
42.88624806 2019
43.11976649 2020
2021
2022

Korea, Rep. | 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. Development relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. 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