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Pricing

2022
Flag → Flag
Exports $14.5MRnk 160 / 220
2022
Flag → Flag
Top Product $5.71MRolled Tobacco
2022
Flag → Flag
Exports $546kRnk 49 / 128
2022
Flag → Flag
Top Product $147kAnimal Food
2022
Flag
Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

South Korea-Belize In 2022, South Korea exported $14.5M to Belize. The main products that South Korea exported to Belize are Rolled Tobacco ($5.71M), Laboratory Reagents ($2.46M), and Electric Batteries ($957k). During the last 27 years the exports of South Korea to Belize have increased at an annualized rate of 5.57%, from $3.36M in 1995 to $14.5M in 2022.

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

Belize-South Korea 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). During the last 27 years the exports of Belize to South Korea have decreased at an annualized rate of 4.07%, from $1.67M in 1995 to $546k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71),  and 5 in total exports ($705B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $796k and imported $28k from Belize, resulting in a positive trade balance of $768k. Between February 2023 and February 2024 the exports of South Korea have decreased by $-404k (-33.7%) from $1.2M to $796k, while imports decreased by $-452k (-94.2%) from $480k to $28k.

Trade In February 2024, the top exports of South Korea to Belize were Electrical machinery and electronics ($139k), Rubber & articles thereof ($27k), Pharmaceutical products ($25k), Chemical products n.e.s. ($2k), and Books, newspapers, & other prints ($0). In February 2024 the top imports of South Korea from Belize were Books, newspapers, & other prints ($2k), Pharmaceutical products ($0), Chemical products n.e.s. ($0), Rubber & articles thereof ($0), and Electrical machinery and electronics ($0).

Growth In February 2024, the decrease in South Korea's year-by-year exports to Belize was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-241k or -99.2%) and Electrical machinery and electronics ($-113k or -44.8%). In February 2024, the decrease in South Korea's year-by-year imports  from Belize was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$-404k(-33.7%)
IMPORT GROWTH (February 2023 - February 2024)$-452k(-94.2%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Belize and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $14.5M to Belize. The main products exported from South Korea to Belize were Rolled Tobacco ($5.71M), Laboratory Reagents ($2.46M), and Electric Batteries ($957k). During the last 27 years the exports of South Korea to Belize have increased at an annualized rate of 5.57%, from $3.36M in 1995 to $14.5M in 2022.

In 2022, Belize exported $546k to South Korea. The main products exported from Belize to South Korea were Animal Food ($147k), Other Vegetable Residues and Waste ($127k), and Tug Boats ($126k). During the last 27 years the exports of Belize to South Korea have decreased at an annualized rate of 4.07%, from $1.67M in 1995 to $546k in 2022.

Exports from South Korea (Flag) to Belize (Flag) (2022)

Exports from Belize (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Belize
Top DestinationUnited States$86.5M

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

In 2021, countries that imported more from South Korea than Belize were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, no countries were registered that imported more from Belize than from South Korea.

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

Comparative Advantage South Korea - Belize

Flow
Scale

This chart compares trade between South Korea and Belize by product, considering products traded by both, South Korea and Belize.

During 2022, South Korea had a large net trade with Belize in the exports of Foodstuffs ($5.82M), Chemical Products ($2.54M), and Machines ($2.11M).

During 2022, Belize had a large net trade with South Korea in the exports of Foodstuffs ($277k), Transportation ($128k), and Machines ($53.4k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Belize (Flag) (2022)

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