Merchandise exports to low- and middle-income economies in in South Korea
South Korea: Merchandise exports to low- and middle-income economies in was 1.4% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in in South Korea, 1964–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies in in South Korea stood at 1.4%.
The figure is down 10.8% on the previous year and down 28.7% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in in South Korea peaked at 3.5% in 1991 and was at its lowest, 0.1%, in 1964.
That places South Korea 91st out of 204 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Merchandise exports to low- and middle-income economies in in South Korea, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1964 | 0.1% | — |
| 1965 | 0.1% | +37.5% |
| 1966 | 0.4% | +213.7% |
| 1967 | 1.4% | +265.0% |
| 1968 | 2.1% | +51.6% |
| 1969 | 1.6% | -24.1% |
| 1970 | 1.4% | -10.2% |
| 1971 | 2.1% | +45.4% |
| 1972 | 0.8% | -60.4% |
| 1973 | 0.6% | -26.8% |
| 1974 | 0.7% | +16.8% |
| 1975 | 1.0% | +46.9% |
| 1976 | 2.1% | +106.3% |
| 1977 | 2.2% | +4.0% |
| 1978 | 2.0% | -9.5% |
| 1979 | 2.5% | +22.4% |
| 1980 | 2.7% | +10.3% |
| 1981 | 2.8% | +3.7% |
| 1982 | 3.4% | +21.6% |
| 1983 | 1.9% | -43.8% |
| 1984 | 1.4% | -26.7% |
| 1985 | 2.2% | +55.9% |
| 1986 | 1.3% | -41.1% |
| 1987 | 1.1% | -14.6% |
| 1988 | 1.3% | +16.1% |
| 1989 | 1.5% | +14.4% |
| 1990 | 1.4% | -2.4% |
| 1991 | 3.5% | +141.8% |
| 1992 | 2.4% | -31.8% |
| 1993 | 1.8% | -24.8% |
| 1994 | 2.6% | +48.0% |
| 1995 | 1.8% | -32.0% |
| 1996 | 1.7% | -2.5% |
| 1997 | 2.2% | +28.9% |
| 1998 | 2.1% | -5.1% |
| 1999 | 1.6% | -23.0% |
| 2000 | 1.3% | -19.7% |
| 2001 | 2.0% | +53.0% |
| 2002 | 1.8% | -10.1% |
| 2003 | 1.7% | -8.8% |
| 2004 | 2.3% | +36.5% |
| 2005 | 2.2% | -1.0% |
| 2006 | 2.4% | +9.5% |
| 2007 | 2.3% | -6.9% |
| 2008 | 2.3% | -0.3% |
| 2009 | 2.4% | +7.8% |
| 2010 | 2.1% | -13.2% |
| 2011 | 2.6% | +24.3% |
| 2012 | 1.7% | -36.1% |
| 2013 | 2.0% | +19.7% |
| 2014 | 1.7% | -13.3% |
| 2015 | 1.5% | -17.0% |
| 2016 | 1.8% | +25.7% |
| 2017 | 1.4% | -24.5% |
| 2018 | 1.0% | -23.9% |
| 2019 | 1.2% | +10.4% |
| 2020 | 1.1% | -2.7% |
| 2021 | 1.4% | +25.2% |
| 2022 | 1.6% | +14.4% |
| 2023 | 1.4% | -10.8% |
South Korea compared with similar countries
- South Korea's 1.4% is above the median for high income countries, which is 0.9%, 1.6× the median. (74 countries reporting)
- South Korea's 1.4% is above the median for East Asia & Pacific, which is 0.6%, 2.2× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in 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 |
|---|---|---|---|
| 1967 | +265.0% | 0.4% | 1.4% |
| 1966 | +213.7% | 0.1% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.9% | 0.1% | 2.1% | 6 |
| 1970s | 1.6% | 0.6% | 2.5% | 10 |
| 1980s | 2.0% | 1.1% | 3.4% | 10 |
| 1990s | 2.1% | 1.4% | 3.5% | 10 |
| 2000s | 2.1% | 1.3% | 2.4% | 10 |
| 2010s | 1.7% | 1.0% | 2.6% | 10 |
| 2020s | 1.4% | 1.1% | 1.6% | 4 |
Countries ranked near South Korea
- 88 North Macedonia 1.5% compare
- 89 Argentina 1.5% compare
- 90 Netherlands 1.4% compare
- 92 New Caledonia 1.4% compare
- 93 Jamaica 1.4% compare
- 94 Greece 1.3% compare
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in in South Korea?
- Merchandise exports to low- and middle-income economies in in South Korea was 1.4% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in recorded in South Korea?
- The highest recorded value was 3.5% in 1991.
- What is the lowest merchandise exports to low- and middle-income economies in recorded in South Korea?
- The lowest recorded value was 0.1% in 1964.
- How does South Korea rank for merchandise exports to low- and middle-income economies in?
- South Korea ranks 91st out of 204 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in rising or falling in South Korea?
- Over the last ten years it is down 28.7%. The long-run trend across the full record is rising.
- 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 Sub-Saharan 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 Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan 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.