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)
year value
1960 4.33381089
1961 3.49697377
1962 3.77131876
1963 3.01839614
1964 2.92223873
1965 3.36707746
1966 8.15187046
1967 6.06486595
1968 8.50817439
1969 8.1934847
1970 8.82486274
1971 7.94419848
1972 6.32831086
1973 8.98974419
1974 6.67405312
1975 5.79419482
1976 9.31249065
1977 9.61335579
1978 7.66282246
1979 10.34963025
1980 9.13981906
1981 9.04659032
1982 12.81226547
1983 12.48864322
1984 13.18732267
1985 14.64614592
1986 10.33765579
1987 9.6484215
1988 9.25437333
1989 9.19878349
1990 8.88657996
1991 16.35920848
1992 16.86225256
1993 17.87044241
1994 18.92836206
1995 18.72962771
1996 19.28594738
1997 22.51073392
1998 22.49276986
1999 24.41770154
2000 24.74542684
2001 26.16853116
2002 27.32797811
2003 27.00544931
2004 28.75625838
2005 29.84429158
2006 31.78661927
2007 34.80727179
2008 35.13302271
2009 34.93141991
2010 35.78801346
2011 36.86412191
2012 35.44212026
2013 35.42069392
2014 36.763193
2015 39.39681416
2016 40.60360157
2017 41.12962626
2018 41.61053825
2019 42.88624806
2020 43.11976649
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