Merchandise imports from low- and middle-income economies in in Korea
Korea: Merchandise imports from low- and middle-income economies in was 1.2% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in in Korea, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from low- and middle-income economies in in Korea stood at 1.2%.
The figure is down 9.0% on the previous year and up 2.2% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in in Korea peaked at 3.1% in 1997 and was at its lowest, 0.0%, in 1963.
Korea ranks 83rd of 206 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 imports from low- and middle-income economies in in Korea, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.1% | — |
| 1961 | 0.1% | -6.7% |
| 1962 | 0.2% | +92.3% |
| 1963 | 0.0% | -90.7% |
| 1965 | 0.0% | +150.2% |
| 1966 | 0.2% | +392.7% |
| 1967 | 0.1% | -63.8% |
| 1968 | 0.1% | -33.7% |
| 1969 | 0.1% | +40.9% |
| 1970 | 0.3% | +222.5% |
| 1971 | 0.1% | -74.5% |
| 1972 | 0.2% | +283.5% |
| 1973 | 0.3% | +21.2% |
| 1974 | 0.1% | -51.6% |
| 1975 | 0.3% | +91.9% |
| 1976 | 0.7% | +159.7% |
| 1977 | 0.7% | -6.3% |
| 1978 | 0.4% | -34.8% |
| 1979 | 0.8% | +91.8% |
| 1980 | 0.5% | -39.4% |
| 1981 | 0.5% | -6.6% |
| 1982 | 1.3% | +174.2% |
| 1983 | 0.9% | -32.3% |
| 1984 | 0.7% | -17.5% |
| 1985 | 1.4% | +92.6% |
| 1986 | 0.6% | -58.0% |
| 1987 | 0.3% | -52.8% |
| 1988 | 0.4% | +28.9% |
| 1989 | 0.4% | +25.1% |
| 1990 | 0.6% | +25.8% |
| 1991 | 1.0% | +70.9% |
| 1992 | 1.1% | +15.8% |
| 1993 | 1.0% | -14.5% |
| 1994 | 1.2% | +26.9% |
| 1995 | 1.5% | +21.6% |
| 1996 | 1.7% | +16.5% |
| 1997 | 3.1% | +81.7% |
| 1998 | 2.2% | -30.3% |
| 1999 | 2.5% | +16.1% |
| 2000 | 1.8% | -26.7% |
| 2001 | 1.3% | -31.0% |
| 2002 | 1.2% | -8.2% |
| 2003 | 1.2% | +0.4% |
| 2004 | 1.3% | +15.1% |
| 2005 | 1.2% | -12.4% |
| 2006 | 1.5% | +26.1% |
| 2007 | 1.3% | -12.4% |
| 2008 | 1.0% | -26.5% |
| 2009 | 1.0% | +2.7% |
| 2010 | 1.1% | +12.4% |
| 2011 | 1.1% | -2.8% |
| 2012 | 1.0% | -2.7% |
| 2013 | 1.2% | +9.9% |
| 2014 | 1.5% | +34.0% |
| 2015 | 1.3% | -16.7% |
| 2016 | 1.1% | -12.8% |
| 2017 | 1.1% | +0.0% |
| 2018 | 1.2% | +4.5% |
| 2019 | 1.0% | -14.5% |
| 2020 | 0.9% | -9.5% |
| 2021 | 1.1% | +23.6% |
| 2022 | 1.3% | +15.3% |
| 2023 | 1.2% | -9.0% |
Korea compared with similar countries
- Korea's 1.2% is above the median for high income countries, which is 0.5%, 2.5× the median. (74 countries reporting)
- Korea's 1.2% is above the median for East Asia & Pacific, which is 0.5%, 2.6× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in in 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 | +392.7% | 0.0% | 0.2% |
| 1972 | +283.5% | 0.1% | 0.2% |
| 1970 | +222.5% | 0.1% | 0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1% | 0.0% | 0.2% | 9 |
| 1970s | 0.4% | 0.1% | 0.8% | 10 |
| 1980s | 0.7% | 0.3% | 1.4% | 10 |
| 1990s | 1.6% | 0.6% | 3.1% | 10 |
| 2000s | 1.3% | 1.0% | 1.8% | 10 |
| 2010s | 1.2% | 1.0% | 1.5% | 10 |
| 2020s | 1.1% | 0.9% | 1.3% | 4 |
Countries ranked near Korea
More private sector data for 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 imports from low- and middle-income economies in in Korea?
- Merchandise imports from low- and middle-income economies in in Korea was 1.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in recorded in Korea?
- The highest recorded value was 3.1% in 1997.
- What is the lowest merchandise imports from low- and middle-income economies in recorded in Korea?
- The lowest recorded value was 0.0% in 1963.
- How does Korea rank for merchandise imports from low- and middle-income economies in?
- Korea ranks 83rd out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in rising or falling in Korea?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is volatile.
- Where does this 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 Sub-Saharan Africa (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports from low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Sub-Saharan Africa 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.