Dem. People's Rep. Korea - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Dem. People's Rep. Korea was 14.14 as of 2020. Its highest value over the past 39 years was 44.76 in 2006, while its lowest value was 1.84 in 1985.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1981 2.75
1982 3.40
1983 3.10
1984 2.03
1985 1.84
1986 4.24
1987 7.31
1988 15.49
1989 6.43
1990 13.23
1991 8.99
1992 6.68
1993 15.30
1994 18.37
1995 17.82
1996 36.73
1997 17.11
1998 16.92
1999 25.20
2000 30.86
2001 26.62
2002 37.59
2003 28.13
2004 28.68
2005 36.09
2006 44.76
2007 41.78
2008 41.88
2009 23.15
2010 30.10
2011 13.05
2012 9.68
2013 10.18
2014 6.53
2015 9.01
2016 4.66
2017 5.14
2018 13.50
2019 6.48
2020 14.14

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports