Korea, Rep.'s merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports) was 3.29% in 2023, the latest year in the World Bank's World Development Indicators. That is up 0.75 percentage points from 2.54% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.29% | 2023 |
| Five years earlier | 3.02% | 2018 |
| Ten years earlier | 2.54% | 2013 |
| Highest | 4.69% | 1984 |
| Lowest | 0.06% | 1970 |
| Average since 2014 | 3% | 2014–2023 |
| First recorded | 0.09% | 1964 |
What the numbers say
In 2023, Korea, Rep.'s merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports) fell 0.04 percentage points on 2022 (from 3.32% to 3.29%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +0.05 percentage points and a typical year strayed about 0.47 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1.74 percentage points in 1993 and the biggest yearly fall was 1.81 percentage points in 1985. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 0.06 percentage points a year. A straight line explains 55% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Korea, Rep. had the 66th highest value of the 197 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Korea, Rep. | 3.29% | 2023 |
| World | 3.43% | 2023 |
| East Asia & Pacific | 4.45% | 2023 |
| High income | 2.82% | 2023 |
Closest to Korea, Rep. in the 2023 ranking
- Egypt, Arab Rep. — 63rd of 197: 3.53%
- Bahrain — 64th of 197: 3.48%
- Equatorial Guinea — 65th of 197: 3.43%
- Cabo Verde — 67th of 197: 3.23%
- Dominican Republic — 68th of 197: 3.12%
- Somalia, Fed. Rep. — 69th of 197: 2.97%
What this measures
Merchandise exports to low- and middle-income economies in South Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the South Asia region according to World Bank classification of economies. Data are 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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 60 values
| Year | Merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports) |
|---|---|
| 2023 | 3.29 |
| 2022 | 3.32 |
| 2021 | 2.98 |
| 2020 | 2.8 |
| 2019 | 3.24 |
| 2018 | 3.02 |
| 2017 | 3.11 |
| 2016 | 2.81 |
| 2015 | 2.77 |
| 2014 | 2.7 |
Merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports) in nearby economies
- American Samoa — 0.83% (2023)
- Australia — 5.18% (2023)
- Brunei Darussalam — 1.62% (2023)
- Cambodia — 1.33% (2023)
- China — 4.89% (2023)
- Fiji — 0.11% (2023)
- French Polynesia — 0.05% (2022)
More private sector & trade data for Korea, Rep.
- Merchandise trade (% of GDP) — 71.63% (2025)
- Merchandise imports (current US$) — US$631.9 billion (2025)
- Merchandise exports (current US$) — US$709.33 billion (2025)
- Agricultural raw materials imports (% of merchandise imports) — 0.84% (2025)
- Food imports (% of merchandise imports) — 6.47% (2025)
- Fuel imports (% of merchandise imports) — 22.18% (2025)
- Manufactures imports (% of merchandise imports) — 62.07% (2025)
- Ores and metals imports (% of merchandise imports) — 7.21% (2025)
- Merchandise imports from high-income economies (% of total merchandise imports)
Reading data like this
Questions people ask
- What is Korea, Rep.'s merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports)?
- 3.29% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1964?
- It is up 3.2 percentage points from 0.09% in 1964. The highest value was 4.69% in 1984 and the lowest 0.06% in 1970.
- How does Korea, Rep. rank?
- 66th highest of 197 economies with data for 2023.
- Is the latest change in merchandise exports to low- and middle-income economies in South Asia (% of total merchandise exports) unusual for Korea, Rep.?
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.R5.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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