Belize (BLZ) and South Korea (KOR) Trade | The Observatory of Economic Complexity

2022

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Exports $546kRnk 49 / 128

2022

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About

Belize-South Korea Trade: In 2022, Belize exported $546k to South Korea. The main products that Belize exported to South Korea were Animal Food ($147k), Other Vegetable Residues and Waste ($127k), and Tug Boats ($126k). Over the past 5 years the exports of Belize to South Korea have decreased at an annualized rate of 13.9%, from $1.16M in 2017 to $546k in 2022.

In 2022, Belize did not export any services to South Korea.

South Korea-Belize Trade: In 2022, South Korea exported $14.5M to Belize. The main products that South Korea exported to Belize were Rolled Tobacco ($5.71M), Laboratory Reagents ($2.46M), and Electric Batteries ($957k). Over the past 5 years the exports of South Korea to Belize have increased at an annualized rate of 3.85%, from $7.94M in 2017 to $14.5M in 2022.

In 2022, South Korea did not export any services to Belize.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Latest Data

Trade between Belize () and South Korea ()

Belize Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

South Korea
Top DestinationChina$150B

This map shows whether countries import more from Belize or South Korea. Each country is colored based on the difference in imports they receive from Belize and South Korea or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Belize than from South Korea.

In 2022, countries that imported more from South Korea than Belize included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Belize () (2022)

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belize and South Korea. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Belize.