Merchandise imports from low- and middle-income economies … Pacific in South Korea
South Korea: Merchandise imports from low- and middle-income economies … Pacific was 32.9% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in East in South Korea, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from low- and middle-income economies in east in South Korea is 32.9%, measured in 2023.
The figure is up 4.3% on the previous year and up 35.9% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in east in South Korea peaked at 33.5% in 2020 and was at its lowest, 2.3%, in 1964.
That places South Korea 31st out of 206 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports from low- and middle-income economies … Pacific in South Korea, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 4.2% | — |
| 1961 | 3.1% | -25.0% |
| 1962 | 3.4% | +9.0% |
| 1963 | 3.0% | -13.1% |
| 1964 | 2.3% | -20.6% |
| 1965 | 2.9% | +22.0% |
| 1966 | 5.3% | +85.3% |
| 1967 | 4.6% | -14.3% |
| 1968 | 5.3% | +16.0% |
| 1969 | 5.7% | +7.1% |
| 1970 | 6.3% | +11.3% |
| 1971 | 6.4% | +2.1% |
| 1972 | 5.9% | -8.0% |
| 1973 | 8.2% | +39.3% |
| 1974 | 6.1% | -26.4% |
| 1975 | 4.9% | -19.4% |
| 1976 | 5.8% | +19.3% |
| 1977 | 5.8% | -0.3% |
| 1978 | 5.0% | -13.5% |
| 1979 | 6.1% | +21.5% |
| 1980 | 6.3% | +3.5% |
| 1981 | 6.2% | -1.7% |
| 1982 | 7.0% | +12.7% |
| 1983 | 6.1% | -13.5% |
| 1984 | 7.0% | +14.8% |
| 1985 | 7.9% | +14.2% |
| 1986 | 6.1% | -23.1% |
| 1987 | 6.3% | +3.7% |
| 1988 | 5.9% | -7.5% |
| 1989 | 6.0% | +3.3% |
| 1990 | 6.3% | +3.6% |
| 1991 | 10.5% | +68.3% |
| 1992 | 11.1% | +5.7% |
| 1993 | 11.8% | +6.1% |
| 1994 | 11.5% | -2.5% |
| 1995 | 11.5% | -0.5% |
| 1996 | 12.0% | +4.9% |
| 1997 | 13.7% | +14.0% |
| 1998 | 14.7% | +7.4% |
| 1999 | 15.6% | +6.2% |
| 2000 | 16.8% | +7.4% |
| 2001 | 18.4% | +9.3% |
| 2002 | 20.1% | +9.3% |
| 2003 | 20.1% | -0.0% |
| 2004 | 20.9% | +4.3% |
| 2005 | 22.5% | +7.6% |
| 2006 | 23.1% | +2.6% |
| 2007 | 24.8% | +7.6% |
| 2008 | 24.8% | +0.1% |
| 2009 | 24.7% | -0.5% |
| 2010 | 25.1% | +1.5% |
| 2011 | 24.6% | -1.8% |
| 2012 | 23.4% | -5.0% |
| 2013 | 24.2% | +3.3% |
| 2014 | 25.0% | +3.3% |
| 2015 | 29.1% | +16.4% |
| 2016 | 30.6% | +5.1% |
| 2017 | 29.8% | -2.3% |
| 2018 | 29.7% | -0.5% |
| 2019 | 31.4% | +5.7% |
| 2020 | 33.5% | +6.8% |
| 2021 | 32.1% | -4.1% |
| 2022 | 31.5% | -2.0% |
| 2023 | 32.9% | +4.3% |
South Korea compared with similar countries
- South Korea's 32.9% is above the median for high income countries, which is 10.5%, 3.1× the median. (74 countries reporting)
- South Korea's 32.9% is below the median for East Asia & Pacific, which is 34.3%, 96% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies … Pacific 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 |
|---|---|---|---|
| 1966 | +85.3% | 2.9% | 5.3% |
| 1991 | +68.3% | 6.3% | 10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.0% | 2.3% | 5.7% | 10 |
| 1970s | 6.1% | 4.9% | 8.2% | 10 |
| 1980s | 6.5% | 5.9% | 7.9% | 10 |
| 1990s | 11.9% | 6.3% | 15.6% | 10 |
| 2000s | 21.6% | 16.8% | 24.8% | 10 |
| 2010s | 27.3% | 23.4% | 31.4% | 10 |
| 2020s | 32.5% | 31.5% | 33.5% | 4 |
Countries ranked near South Korea
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 imports from low- and middle-income economies in east in South Korea?
- Merchandise imports from low- and middle-income economies in east in South Korea was 32.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in east recorded in South Korea?
- The highest recorded value was 33.5% in 2020.
- What is the lowest merchandise imports from low- and middle-income economies in east recorded in South Korea?
- The lowest recorded value was 2.3% in 1964.
- How does South Korea rank for merchandise imports from low- and middle-income economies in east?
- South Korea ranks 31st out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in east rising or falling in South Korea?
- Over the last ten years it is up 35.9%. 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 imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.