Korea - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Korea was 56.22 as of 2020. Its highest value over the past 60 years was 93.31 in 1961, while its lowest value was 56.22 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies 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
1960 91.87
1961 93.31
1962 92.12
1963 92.91
1964 91.95
1965 91.11
1966 88.96
1967 90.51
1968 90.27
1969 90.64
1970 89.70
1971 90.31
1972 90.95
1973 88.83
1974 87.82
1975 90.49
1976 89.63
1977 89.86
1978 91.50
1979 88.36
1980 87.09
1981 85.45
1982 81.68
1983 82.18
1984 80.63
1985 78.05
1986 83.66
1987 84.31
1988 84.04
1989 83.92
1990 78.00
1991 81.55
1992 79.83
1993 77.99
1994 79.78
1995 79.94
1996 79.35
1997 76.90
1998 77.36
1999 75.46
2000 75.15
2001 73.70
2002 72.62
2003 72.95
2004 71.18
2005 70.04
2006 68.15
2007 65.14
2008 64.85
2009 65.02
2010 64.14
2011 63.07
2012 64.50
2013 64.51
2014 63.21
2015 60.51
2016 59.27
2017 58.70
2018 57.97
2019 56.65
2020 56.22

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

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