Merchandise exports to low- and middle-income economies in Middle in South Korea
South Korea: Merchandise exports to low- and middle-income economies in Middle was 0.8% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in Middle in South Korea, 1964–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to low- and middle-income economies in middle in South Korea is 0.8%, measured in 2023.
That represents a change of up 9.8% on the previous year and down 65.4% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in middle in South Korea peaked at 4.0% in 1981 and was at its lowest, 0.4%, in 1968.
South Korea ranks 81st of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in Middle in South Korea, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1964 | 0.5% | — |
| 1965 | 0.7% | +26.0% |
| 1966 | 0.6% | -11.3% |
| 1967 | 0.4% | -34.5% |
| 1968 | 0.4% | -7.5% |
| 1969 | 0.5% | +28.8% |
| 1970 | 0.6% | +35.6% |
| 1971 | 0.5% | -24.7% |
| 1972 | 0.6% | +22.2% |
| 1973 | 0.5% | -8.1% |
| 1974 | 1.0% | +89.6% |
| 1975 | 2.7% | +173.4% |
| 1976 | 2.8% | +2.8% |
| 1977 | 2.2% | -21.6% |
| 1978 | 2.4% | +9.2% |
| 1979 | 2.5% | +3.1% |
| 1980 | 3.2% | +27.9% |
| 1981 | 4.0% | +27.3% |
| 1982 | 1.9% | -51.9% |
| 1983 | 1.6% | -19.6% |
| 1984 | 2.0% | +25.8% |
| 1985 | 2.0% | -0.8% |
| 1986 | 1.3% | -33.6% |
| 1987 | 1.0% | -20.2% |
| 1988 | 0.9% | -8.5% |
| 1989 | 0.7% | -24.6% |
| 1990 | 0.8% | +15.0% |
| 1991 | 1.8% | +113.2% |
| 1992 | 1.8% | +4.3% |
| 1993 | 1.7% | -8.6% |
| 1994 | 1.4% | -17.7% |
| 1995 | 1.4% | +1.6% |
| 1996 | 2.0% | +45.5% |
| 1997 | 1.4% | -29.8% |
| 1998 | 2.0% | +40.5% |
| 1999 | 1.8% | -9.0% |
| 2000 | 1.7% | -6.9% |
| 2001 | 1.7% | +1.6% |
| 2002 | 1.8% | +4.6% |
| 2003 | 1.8% | +1.0% |
| 2004 | 1.9% | +6.0% |
| 2005 | 1.8% | -8.4% |
| 2006 | 1.8% | -0.5% |
| 2007 | 2.1% | +17.0% |
| 2008 | 2.5% | +21.7% |
| 2009 | 3.2% | +29.3% |
| 2010 | 3.2% | -1.1% |
| 2011 | 2.5% | -22.0% |
| 2012 | 2.9% | +14.2% |
| 2013 | 2.3% | -17.9% |
| 2014 | 2.4% | +3.4% |
| 2015 | 2.1% | -13.7% |
| 2016 | 2.2% | +4.5% |
| 2017 | 1.8% | -19.2% |
| 2018 | 1.5% | -15.9% |
| 2019 | 1.2% | -16.8% |
| 2020 | 0.8% | -33.3% |
| 2021 | 0.8% | -5.7% |
| 2022 | 0.7% | -5.1% |
| 2023 | 0.8% | +9.8% |
South Korea compared with similar countries
- South Korea's 0.8% is above the median for high income countries, which is 0.7%, 1.1× the median. (74 countries reporting)
- South Korea's 0.8% is above the median for East Asia & Pacific, which is 0.0%, 18.5× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in Middle in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +173.4% | 1.0% | 2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.5% | 0.4% | 0.7% | 6 |
| 1970s | 1.6% | 0.5% | 2.8% | 10 |
| 1980s | 1.9% | 0.7% | 4.0% | 10 |
| 1990s | 1.6% | 0.8% | 2.0% | 10 |
| 2000s | 2.0% | 1.7% | 3.2% | 10 |
| 2010s | 2.2% | 1.2% | 3.2% | 10 |
| 2020s | 0.8% | 0.7% | 0.8% | 4 |
Countries ranked near South Korea
- 78 Israel 0.9% compare
- 79 Malaysia 0.8% compare
- 80 Netherlands 0.8% compare
- 82 American Samoa 0.8% compare
- 83 Iraq 0.8% compare
- 84 United States 0.8% compare
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 62.1% (2025)
- Merchandise imports 631.89 billion current US$ (2025)
- Commercial service imports 183.44 billion current US$ (2025)
- Food exports 1.7% (2025)
- Manufactures exports 88.0% (2025)
- Merchandise exports 709.33 billion current US$ (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in middle in South Korea?
- Merchandise exports to low- and middle-income economies in middle in South Korea was 0.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in middle recorded in South Korea?
- The highest recorded value was 4.0% in 1981.
- What is the lowest merchandise exports to low- and middle-income economies in middle recorded in South Korea?
- The lowest recorded value was 0.4% in 1968.
- How does South Korea rank for merchandise exports to low- and middle-income economies in middle?
- South Korea ranks 81st out of 204 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in middle rising or falling in South Korea?
- Over the last ten years it is down 65.4%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to low- and middle-income economies in Middle East and North Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Middle East and North Africa region according to World Bank classification of economies. Data are 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.