{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:02.610Z",
  "seo": {
    "title": "Belgium exports to South Korea: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Belgium to South Korea, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "importer": {
    "iso3": "KOR",
    "country_name": "South Korea"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BEL",
    "importer_iso3": "KOR",
    "all_history_lane_count": 696,
    "current_lane_count": 584,
    "current_product_count": 584,
    "first_observed_last_year": 1999,
    "latest_data_year": 2024,
    "current_trade_usd": 1597428877.5688303,
    "attention_trade_usd": 717517501.4435109,
    "critical_trade_usd": 236977571.37664005,
    "high_volatility_trade_usd": 782338606.2408967,
    "unrecovered_drawdown_trade_usd": 636438748.4718511,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 703579230.3111881,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 3,
    "high_attention_lane_count": 66,
    "high_volatility_lane_count": 286,
    "unrecovered_drawdown_lane_count": 317,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 297,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1837634789462244,
    "trade_weighted_below_peak_pct": 35.26835400552266,
    "product_concentration_hhi": 521.1716708062161,
    "top1_product_share_pct": 16.020658295334815,
    "top3_product_share_pct": 34.30246922061684,
    "top_product_hs6": "300490",
    "top_product_trade_usd": 255918621.9863046,
    "top_product_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
    "top_attention_product_hs6": "300220",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 8722.1142578125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 13.695644286262626,
    "avg_mfn_tariff_pct": 14.600262464040407,
    "avg_preferential_tariff_pct": 3.5328919460965666,
    "tariff_advantage_pp": 11.06737051794384,
    "buyer_biz_entry_days": 8,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1798533.915091,
    "buyer_gdp_pc_latest": 34758,
    "buyer_population_latest": 51744.877,
    "buyer_gdp_5y_cagr_pct": 1.3815058218118237,
    "buyer_gdp_pc_5y_cagr_pct": 1.3868953035443221,
    "buyer_population_5y_cagr_pct": -0.00531575773807802,
    "buyer_investment_5y_avg_pct": 32.412,
    "buyer_savings_5y_avg_pct": 34.20399999999999,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 44.917023319092614,
    "critical_trade_share_pct": 14.834937235972756,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Critical attention",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 1798533.915091,
    "buyer_gdp_pc_2024": 34758,
    "buyer_population_2024": 51744.877
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 466858022.29436296,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 661120347.09594,
      "yoy_growth_pct": 41.610578703752225,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 576189384.3037227,
      "yoy_growth_pct": -12.846520783286719,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 664009694.9249858,
      "yoy_growth_pct": 15.241570395710546,
      "cagr_3y_pct": 12.459599225899897
    },
    {
      "year": 2003,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 722328951.7755541,
      "yoy_growth_pct": 8.78289237285259,
      "cagr_3y_pct": 2.995480074060186
    },
    {
      "year": 2004,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 933024624.2217834,
      "yoy_growth_pct": 29.168936386713984,
      "cagr_3y_pct": 17.429159126060732
    },
    {
      "year": 2005,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1011235394.3756522,
      "yoy_growth_pct": 8.38249796666437,
      "cagr_3y_pct": 15.05158706775065
    },
    {
      "year": 2006,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 971462518.8559909,
      "yoy_growth_pct": -3.9330976487643166,
      "cagr_3y_pct": 10.381682362192324
    },
    {
      "year": 2007,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1245247003.139765,
      "yoy_growth_pct": 28.182712041859006,
      "cagr_3y_pct": 10.100037400085915
    },
    {
      "year": 2008,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1515084223.7052922,
      "yoy_growth_pct": 21.66937321552751,
      "cagr_3y_pct": 14.426910258126679
    },
    {
      "year": 2009,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1116464317.5804508,
      "yoy_growth_pct": -26.310082296941616,
      "cagr_3y_pct": 4.746519067710397
    },
    {
      "year": 2010,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1147533548.196354,
      "yoy_growth_pct": 2.7828234298821863,
      "cagr_3y_pct": -2.6872015332551125
    },
    {
      "year": 2011,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1465037239.5307894,
      "yoy_growth_pct": 27.66835809144532,
      "cagr_3y_pct": -1.1134338917200615
    },
    {
      "year": 2012,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1474913931.8808906,
      "yoy_growth_pct": 0.6741598154368145,
      "cagr_3y_pct": 9.725426298973773
    },
    {
      "year": 2013,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1417215495.922029,
      "yoy_growth_pct": -3.9119866394699665,
      "cagr_3y_pct": 7.289404246142794
    },
    {
      "year": 2014,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1699464048.6715043,
      "yoy_growth_pct": 19.915711729206475,
      "cagr_3y_pct": 5.072187163720021
    },
    {
      "year": 2015,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1291643707.0161405,
      "yoy_growth_pct": -23.9969972871249,
      "cagr_3y_pct": -4.326421529456992
    },
    {
      "year": 2016,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1103437507.7165306,
      "yoy_growth_pct": -14.571061530148278,
      "cagr_3y_pct": -8.003645801280035
    },
    {
      "year": 2017,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1270474294.4535308,
      "yoy_growth_pct": 15.137856522810122,
      "cagr_3y_pct": -9.242059220828946
    },
    {
      "year": 2018,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1432089597.4877486,
      "yoy_growth_pct": 12.720863675855277,
      "cagr_3y_pct": 3.5005090743262413
    },
    {
      "year": 2019,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1317500051.912503,
      "yoy_growth_pct": -8.001562596101873,
      "cagr_3y_pct": 6.088334868725509
    },
    {
      "year": 2020,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1565960068.1744053,
      "yoy_growth_pct": 18.85844451400469,
      "cagr_3y_pct": 7.218962465969003
    },
    {
      "year": 2021,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 3217413831.979371,
      "yoy_growth_pct": 105.45950675040068,
      "cagr_3y_pct": 30.972136328600918
    },
    {
      "year": 2022,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 3029161797.6982794,
      "yoy_growth_pct": -5.851035773202917,
      "cagr_3y_pct": 31.984807507040426
    },
    {
      "year": 2023,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1915812125.5368865,
      "yoy_growth_pct": -36.75438112970314,
      "cagr_3y_pct": 6.9524517699090405
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "export_value_usd": 1724521874.4115183,
      "yoy_growth_pct": -9.984812632489259,
      "cagr_3y_pct": -18.769225454637706
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 3828801667.2243342,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.729041476577778,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "300220",
      "hs_description": "Vaccines: for human medicine",
      "buyer_imports_latest_usd": 395807081.23954254,
      "current_below_peak_pct": 83.56983481933999,
      "lane_volatility_cv": 2.3699576124506585,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "870323",
      "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc",
      "buyer_imports_latest_usd": 4945951960.978635,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0611339082471745,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "711021",
      "hs_description": "Metals: palladium, unwrought or in powder form",
      "buyer_imports_latest_usd": 404021818.3595885,
      "current_below_peak_pct": 67.53223338564835,
      "lane_volatility_cv": 1.4725722743793337,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "370790",
      "hs_description": "Photographic goods: chemical preparations other than sensitised emulsions, put up in measured portions or put up for retail sale in a form ready for use",
      "buyer_imports_latest_usd": 499143867.14580613,
      "current_below_peak_pct": 17.18768611071755,
      "lane_volatility_cv": 1.596173146271973,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "200410",
      "hs_description": "Vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen",
      "buyer_imports_latest_usd": 210656896.37726286,
      "current_below_peak_pct": 6.382948869150122,
      "lane_volatility_cv": 1.5205914664290083,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "300439",
      "hs_description": "Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 475024388.17728966,
      "current_below_peak_pct": 2.695567917508295,
      "lane_volatility_cv": 1.311518352667632,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "300215",
      "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale",
      "buyer_imports_latest_usd": 1972578995.338832,
      "current_below_peak_pct": 31.929670625385942,
      "lane_volatility_cv": 0.8582425273090509,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "381512",
      "hs_description": "Catalysts, supported: reaction initiators, reaction accelerators and catalytic preparations, with precious metal or precious metal compounds as the active substance, n.e.c. or included",
      "buyer_imports_latest_usd": 236679042.09427077,
      "current_below_peak_pct": 57.400178558967255,
      "lane_volatility_cv": 1.5519202715538378,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "hs_code": "020329",
      "hs_description": "Meat: of swine, n.e.s. in item no. 0203.2, frozen",
      "buyer_imports_latest_usd": 1740915529.263175,
      "current_below_peak_pct": 50.87074224489599,
      "lane_volatility_cv": 0.5046350525815955,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "KOR",
    "distance_km": 8728,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1798533.9150910003,
    "importer_gdp_per_capita_usd": 34757.71939879189,
    "importer_population": 51744.877,
    "importer_biz_entry_days": 8,
    "importer_biz_entry_cost_pct": 14.6,
    "exporter_gdp_million_usd": 599879.0253780001,
    "exporter_gdp_per_capita_usd": 51767.78857240694,
    "avg_applied_tariff_pct": 13.695644286262626,
    "avg_mfn_tariff_pct": 14.600262464040407,
    "avg_preferential_tariff_pct": 3.5328919460965666,
    "tariff_advantage_pp": 11.06737051794384
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/BEL-KOR/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BEL-KOR/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BEL-KOR/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BEL-KOR/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BEL-KOR/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}