Faroe Islands vs South Korea: Merchandise exports to low- and middle-income economies outside region
Merchandise exports to low- and middle-income economies outside region over time
- Faroe Islands
- South Korea
How they compare
Faroe Islands currently reports 11.6% against 11.4% in South Korea, a difference of 0.2%.
The two have swapped places 2 times across 47 shared years of data; in 1964 it was Faroe Islands ahead.
Faroe Islands ranks 100th and South Korea ranks 101st of 206 countries.
Across the 7 decades both report, Faroe Islands averaged higher in 3 and South Korea in 4.
Head to head by decade
| Decade | Faroe Islands | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.8% | 1.8% | 5.0% | Faroe Islands |
| 1970s | 0.5% | 4.2% | 3.7% | South Korea |
| 1980s | 0.6% | 9.0% | 8.5% | South Korea |
| 1990s | 0.3% | 10.0% | 9.8% | South Korea |
| 2000s | 3.7% | 11.4% | 7.7% | South Korea |
| 2010s | 15.7% | 12.8% | 2.8% | Faroe Islands |
| 2020s | 14.9% | 10.5% | 4.4% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise exports to low- and middle-income economies outside region, Faroe Islands or South Korea?
- Faroe Islands, at 11.6% against 11.4% in South Korea as of 2023.
- What is the difference in merchandise exports to low- and middle-income economies outside region between Faroe Islands and South Korea?
- 0.2%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and South Korea?
- 47 years are reported by both, from 1964 to 2023.
- How do Faroe Islands and South Korea rank globally for merchandise exports to low- and middle-income economies outside region?
- Faroe Islands ranks 100th and South Korea ranks 101st of 206 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.