2023
Flag  
GDP
$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH
50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH
25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Belize-South Korea Trade: In 2023, Belize exported $30.5k to South Korea. The main products that Belize exported to South Korea were Cars ($30.5k). Over the past 5 years the exports of Belize to South Korea have decreased at an annualized rate of 40.7%, from $417k in 2018 to $30.5k in 2023.

In 2023, Belize did not export any services to South Korea.

South Korea-Belize Trade: In 2023, South Korea exported $15.2M to Belize. The main products that South Korea exported to Belize were Rolled Tobacco ($5.7M), Refined Petroleum ($5.21M), and Rubber Tires ($1.09M). Over the past 5 years the exports of South Korea to Belize have increased at an annualized rate of 7.79%,  from $10.5M in 2018 to $15.2M in 2023.

In 2023, South Korea did not export any services to Belize.

Comparison In 2023,  Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $30.5k to South Korea. The main products exported from Belize to South Korea were Cars ($30.5k). During the last 5 years the exports of Belize to South Korea have decreased at an annualized rate of 40.7%, from $417k in 2018 to $30.5k in 2023.

In 2018, South Korea exported $15.2M to Belize. The main products exported from South Korea to Belize were Rolled Tobacco ($5.7M), Refined Petroleum ($5.21M), and Rubber Tires ($1.09M). During the last 5 years the exports of South Korea to Belize have increased at an annualized rate of 7.79%, from $10.5M in 2023 to $15.2M in 2018.

Exports from Belize (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Belize (Flag) (2023)

Latest Data

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

Belize Exports

South Korea Exports

Market Competitiveness

Color
Belize
Top Destination
United States$86.2M
South Korea
Top Destination
China$162B

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 2023, countries that imported more from Belize than South Korea included Trinidad and Tobago ($15.5M), Saint Lucia ($1.64M), and Dominica ($1.66M).

In 2023, countries that imported more from South Korea than Belize included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Belize (Flag) (2023)

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 2023, Belize had a large net trade with South Korea in the exports of Transportation ($30.5k).

During 2018, South Korea had a large net trade with Belize in the exports of Foodstuffs ($5.71M), Mineral Products ($5.27M), and Transportation ($1.28M).

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) (2023)

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