Republic of Korea vs Middle income: Merchandise imports by the reporting economy
Republic of Korea
640.41 billion current US$
in 2023
Middle income
7.31 trillion current US$
in 2023
Republic of Korea rank
10th
Middle income rank
9th
Merchandise imports by the reporting economy over time
- Republic of Korea
- Middle income
How they compare
Middle income currently reports 7.31 trillion current US$ against 640.41 billion current US$ in Republic of Korea, a difference of 6.67 trillion current US$.
That makes Middle income's figure about 11.4 times Republic of Korea's.
Across all 64 years both countries report, Middle income has been ahead every year.
Republic of Korea ranks 10th and Middle income ranks 9th of 206 countries.
Middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 721.78 million current US$ | 21.67 billion current US$ | 20.94 billion current US$ | Middle income |
| 1970s | 7.85 billion current US$ | 95.12 billion current US$ | 87.26 billion current US$ | Middle income |
| 1980s | 32.42 billion current US$ | 261.22 billion current US$ | 228.80 billion current US$ | Middle income |
| 1990s | 104.75 billion current US$ | 694.87 billion current US$ | 590.12 billion current US$ | Middle income |
| 2000s | 254.12 billion current US$ | 2.12 trillion current US$ | 1.87 trillion current US$ | Middle income |
| 2010s | 485.56 billion current US$ | 5.12 trillion current US$ | 4.64 trillion current US$ | Middle income |
| 2020s | 610.38 billion current US$ | 6.73 trillion current US$ | 6.12 trillion current US$ | Middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise imports by the reporting economy, Republic of Korea or Middle income?
- Middle income, at 7.31 trillion current US$ against 640.41 billion current US$ in Republic of Korea as of 2023.
- What is the difference in merchandise imports by the reporting economy between Republic of Korea and Middle income?
- 6.67 trillion current US$, with Middle income ahead.
- How many years of comparable data are there for Republic of Korea and Middle income?
- 64 years are reported by both, from 1960 to 2023.
- How do Republic of Korea and Middle income rank globally for merchandise imports by the reporting economy?
- Republic of Korea ranks 10th and Middle income ranks 9th of 206 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Merchandise imports by the reporting economy (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.