2022
Flag  
GDP
$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH
48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH
23.4%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

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 12.9%,  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

Bilateral Trade by Products

Depth
Value

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 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 2017, 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 5 years the exports of South Korea to Belize have increased at an annualized rate of 12.9%, from $7.94M in 2022 to $14.5M in 2017.

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

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

Latest Data

Trade between Belize (Flag) and South Korea (Flag)

Belize Exports

South Korea Exports

Market Competitiveness

Color
Belize
Top Destination
United States$86.5M
South Korea
Top Destination
China$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 (Flag) and Belize (Flag) (2022)

Comparative Advantage Belize - South Korea

Flow
Scale

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

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

During 2017, South Korea had a large net trade with Belize in the exports of Foodstuffs ($5.82M), Chemical Products ($2.54M), and Machines ($2.11M).

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.

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

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