South Korea vs Upper middle income: Merchandise imports by the reporting economy
South Korea
640.41 billion current US$
in 2023
Upper middle income
5.94 trillion current US$
in 2023
South Korea rank
10th
Upper middle income rank
11th
Merchandise imports by the reporting economy over time
- South Korea
- Upper middle income
How they compare
Upper middle income currently reports 5.94 trillion current US$ against 640.41 billion current US$ in South Korea, a difference of 5.30 trillion current US$.
That makes Upper middle income's figure about 9.3 times South Korea's.
Across all 64 years both countries report, Upper middle income has been ahead every year.
South Korea ranks 10th and Upper middle income ranks 11th of 206 countries.
Upper middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 721.78 million current US$ | 12.49 billion current US$ | 11.76 billion current US$ | Upper middle income |
| 1970s | 7.85 billion current US$ | 63.72 billion current US$ | 55.86 billion current US$ | Upper middle income |
| 1980s | 32.42 billion current US$ | 190.31 billion current US$ | 157.90 billion current US$ | Upper middle income |
| 1990s | 104.75 billion current US$ | 570.35 billion current US$ | 465.60 billion current US$ | Upper middle income |
| 2000s | 254.12 billion current US$ | 1.75 trillion current US$ | 1.49 trillion current US$ | Upper middle income |
| 2010s | 485.56 billion current US$ | 4.12 trillion current US$ | 3.63 trillion current US$ | Upper middle income |
| 2020s | 610.38 billion current US$ | 5.50 trillion current US$ | 4.88 trillion current US$ | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise imports by the reporting economy, South Korea or Upper middle income?
- Upper middle income, at 5.94 trillion current US$ against 640.41 billion current US$ in South Korea as of 2023.
- What is the difference in merchandise imports by the reporting economy between South Korea and Upper middle income?
- 5.30 trillion current US$, with Upper middle income ahead.
- How many years of comparable data are there for South Korea and Upper middle income?
- 64 years are reported by both, from 1960 to 2023.
- How do South Korea and Upper middle income rank globally for merchandise imports by the reporting economy?
- South Korea ranks 10th and Upper middle income ranks 11th of 206 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Merchandise imports by the reporting economy (current US$). 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.