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

Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in Dem. People's Rep. Korea was 63.56 as of 2020. Its highest value over the past 39 years was 65.47 in 2018, while its lowest value was 3.34 in 1984.

Definition: Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 exports 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 6.39
1982 5.58
1983 8.53
1984 3.34
1985 9.05
1986 8.16
1987 9.22
1988 12.49
1989 18.14
1990 25.12
1991 15.87
1992 18.55
1993 13.61
1994 13.83
1995 24.03
1996 44.63
1997 32.26
1998 41.54
1999 41.53
2000 53.54
2001 45.98
2002 26.45
2003 26.37
2004 23.23
2005 29.62
2006 45.12
2007 62.76
2008 40.82
2009 31.96
2010 36.12
2011 23.52
2012 18.06
2013 12.45
2014 14.24
2015 20.95
2016 14.31
2017 15.10
2018 65.47
2019 54.40
2020 63.56

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: Exports