Statizoid

Binding coverage, primary products in South Korea

South Korea: Binding coverage, primary products was 0.0% in 2022. ▼ Falling

Latest (2022)
0.0%
Change on year
down 100.0%
World rank
60th
of 158 countries
All-time high
94.8%
in 1995
All-time low
0.0%
in 2022
Years of data
27
1995–2022

Binding coverage, primary products in South Korea, 1995–2022

0204060801001995200820221995: 94.8 %1996: 94.8 %1997: 94.8 %1998: 94.8 %1999: 94.8 %2000: 94.8 %2001: 94.8 %2002: 94.6 %2003: 94.6 %2004: 94.6 %2005: 94.6 %2006: 94.6 %2007: 94 %2008: 94 %2009: 94 %2010: 94 %2011: 94 %2012: 92 %2013: 92 %2014: 92 %2015: 91.7 %2016: 91.7 %2017: 92.1 %2018: 92.1 %2020: 92 %2021: 92 %2022: 0 %

Source: Staff estimates, World Bank (WB). Measured in %.

Analysis

In 2022, binding coverage, primary products in South Korea stood at 0.0%. That is the lowest value across all 27 years on record.

The figure is down 100.0% on the previous year and down 100.0% over ten years.

Over the whole period, binding coverage, primary products in South Korea peaked at 94.8% in 1995 and was at its lowest, 0.0%, in 2022.

South Korea ranks 60th of 158 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 27 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 94.8% 94.8% 94.8% 5
2000s 94.4% 94.0% 94.8% 10
2010s 92.4% 91.7% 94.0% 9
2020s 61.3% 0.0% 92.0% 3

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See the full ranking of 159 places →

More private sector data for South Korea

All data for South Korea →

Frequently asked questions

What is binding coverage, primary products in South Korea?
Binding coverage, primary products in South Korea was 0.0% in 2022, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, primary products recorded in South Korea?
The highest recorded value was 94.8% in 1995.
What is the lowest binding coverage, primary products recorded in South Korea?
The lowest recorded value was 0.0% in 2022.
How does South Korea rank for binding coverage, primary products?
South Korea ranks 60th out of 158 countries with data for 2022.
Is binding coverage, primary products rising or falling in South Korea?
Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
Where does this South Korea data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Binding coverage, primary products (%)
Unit
%
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
159 places, 3,312 data points, 1995–2022
Last refreshed

Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).