{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:07.957Z", "seo": { "title": "South Korea exports to Belize: Trade Route Risk | Yugalinks", "description": "Understand reported exports from South Korea to Belize, 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": "KOR", "country_name": "South Korea" }, "importer": { "iso3": "BLZ", "country_name": "Belize" }, "latestYear": 2024, "risk": { "exporter_iso3": "KOR", "importer_iso3": "BLZ", "all_history_lane_count": 4, "current_lane_count": 3, "current_product_count": 3, "first_observed_last_year": 2018, "latest_data_year": 2024, "current_trade_usd": 9981459.95532988, "attention_trade_usd": 9648020.471084645, "critical_trade_usd": 0, "high_volatility_trade_usd": 9704863.845443986, "unrecovered_drawdown_trade_usd": 56843.3743593406, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 56843.3743593406, "access_friction_trade_usd": 9981459.95532988, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 1, "high_volatility_lane_count": 2, "unrecovered_drawdown_lane_count": 1, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 1, "access_friction_lane_count": 3, "trade_weighted_volatility_cv": 1.0694733658575886, "trade_weighted_below_peak_pct": 1.7856744959462578, "product_concentration_hhi": 9351.045175167994, "top1_product_share_pct": 96.65941169190198, "top3_product_share_pct": 100, "top_product_hs6": "240220", "top_product_trade_usd": 9648020.471084645, "top_product_description": "Cigarettes: containing tobacco", "top_attention_product_hs6": "240220", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 12882.8681640625, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 17.45713769111111, "avg_mfn_tariff_pct": 17.45713769111111, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 48, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 1789.923264, "buyer_gdp_pc_latest": 4420, "buyer_population_latest": 404.915, "buyer_gdp_5y_cagr_pct": 6.11329188990315, "buyer_gdp_pc_5y_cagr_pct": 4.473598572755466, "buyer_population_5y_cagr_pct": 1.5694810359248912, "buyer_investment_5y_avg_pct": 21.080000000000002, "buyer_savings_5y_avg_pct": 13.833999999999998, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 96.65941169190198, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets", "market_access_friction" ], "attention_level": "High attention", "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction", "buyer_gdp_mn_2024": 1789.923264, "buyer_gdp_pc_2024": 4420, "buyer_population_2024": 404.915 }, "history": [ { "year": 1995, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 3246234.6140916115, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 687383.7942798985, "yoy_growth_pct": -78.8251966972434, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 3032853.868513431, "yoy_growth_pct": 341.2169582337391, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 1445351.8151820651, "yoy_growth_pct": -52.343506220742775, "cagr_3y_pct": -23.640239779010898 }, { "year": 1999, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 1556379.201942576, "yoy_growth_pct": 7.681685911642577, "cagr_3y_pct": 31.312290403179333 }, { "year": 2000, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4842096.248173386, "yoy_growth_pct": 211.11288573695802, "cagr_3y_pct": 16.876530456686446 }, { "year": 2001, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 9872150.105748631, "yoy_growth_pct": 103.88174046463376, "cagr_3y_pct": 89.73439172737949 }, { "year": 2002, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4841555.35581363, "yoy_growth_pct": -50.957437802790764, "cagr_3y_pct": 45.978812914572465 }, { "year": 2003, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 3932893.751479694, "yoy_growth_pct": -18.767968918146018, "cagr_3y_pct": -6.697574890826729 }, { "year": 2004, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 8777157.366867505, "yoy_growth_pct": 123.17301004038637, "cagr_3y_pct": -3.84304289455083 }, { "year": 2005, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 3472116.8492501765, "yoy_growth_pct": -60.441442438335294, "cagr_3y_pct": -10.490360048080383 }, { "year": 2006, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 3536296.429610643, "yoy_growth_pct": 1.8484280093950867, "cagr_3y_pct": -3.4811476031333943 }, { "year": 2007, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4784892.630039616, "yoy_growth_pct": 35.308018580513824, "cagr_3y_pct": -18.309271191680864 }, { "year": 2008, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 6559201.014855029, "yoy_growth_pct": 37.08146706733362, "cagr_3y_pct": 23.619088236772832 }, { "year": 2009, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4496989.638940635, "yoy_growth_pct": -31.439978302905736, "cagr_3y_pct": 8.3405596823515 }, { "year": 2010, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4834711.0385059435, "yoy_growth_pct": 7.509943910941863, "cagr_3y_pct": 0.34585593290075156 }, { "year": 2011, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 6462508.6393631585, "yoy_growth_pct": 33.6689739654068, "cagr_3y_pct": -0.4938174375333393 }, { "year": 2012, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 7419633.82206993, "yoy_growth_pct": 14.810427902206879, "cagr_3y_pct": 18.16445650178251 }, { "year": 2013, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 5972005.208996796, "yoy_growth_pct": -19.510782442755026, "cagr_3y_pct": 7.295922619401263 }, { "year": 2014, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 5362094.291291543, "yoy_growth_pct": -10.212832982570497, "cagr_3y_pct": -6.032478931712538 }, { "year": 2015, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 5564922.047357634, "yoy_growth_pct": 3.7826219579073506, "cagr_3y_pct": -9.142899959564465 }, { "year": 2016, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 6982224.459965206, "yoy_growth_pct": 25.468504330272566, "cagr_3y_pct": 5.34757493563931 }, { "year": 2017, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 7875738.24381454, "yoy_growth_pct": 12.796978799128823, "cagr_3y_pct": 13.671679209153353 }, { "year": 2018, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 9125072.244217241, "yoy_growth_pct": 15.863071647713856, "cagr_3y_pct": 17.921340847882217 }, { "year": 2019, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 5203732.889956007, "yoy_growth_pct": -42.97324173785334, "cagr_3y_pct": -9.334847452884897 }, { "year": 2020, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 4889391.836203873, "yoy_growth_pct": -6.040683878276298, "cagr_3y_pct": -14.69237395897106 }, { "year": 2021, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 6674228.7515091095, "yoy_growth_pct": 36.5042724146033, "cagr_3y_pct": -9.900663665886423 }, { "year": 2022, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 10846715.36760493, "yoy_growth_pct": 62.516386109067355, "cagr_3y_pct": 27.74024633073433 }, { "year": 2023, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 13936962.414975194, "yoy_growth_pct": 28.49016446582229, "cagr_3y_pct": 41.787440202766014 }, { "year": 2024, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "export_value_usd": 15676306.19660826, "yoy_growth_pct": 12.480078010141948, "cagr_3y_pct": 32.92731016803854 } ], "riskLanes": [ { "exporter_iso3": "KOR", "importer_iso3": "BLZ", "hs_code": "240220", "hs_description": "Cigarettes: containing tobacco", "buyer_imports_latest_usd": 55165605.06256067, "current_below_peak_pct": 0, "lane_volatility_cv": 1.079847283984514, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "long_distance_without_fta" ] }, { "exporter_iso3": "KOR", "importer_iso3": "BLZ", "hs_code": "870421", "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1", "buyer_imports_latest_usd": 12308339.606987175, "current_below_peak_pct": 47.40828263819119, "lane_volatility_cv": 0.714687121004075, "attention_level": "Watch", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [ "long_distance_without_fta" ] }, { "exporter_iso3": "KOR", "importer_iso3": "BLZ", "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": 26102246.142973777, "current_below_peak_pct": 82.87143354065806, "lane_volatility_cv": 1.035075701952815, "attention_level": "Watch", "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", "long_distance_without_fta" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "KOR", "importer_iso3": "BLZ", "distance_km": 12883, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 1, "shared_religion": 0, "shared_legal_system": 0, "shared_colonial_history": 0, "has_fta": 0, "rta_coverage_ratio": null, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 1789.923264, "importer_gdp_per_capita_usd": 4420.491372263315, "importer_population": 404.915, "importer_biz_entry_days": 48, "importer_biz_entry_cost_pct": 34.3, "exporter_gdp_million_usd": 1798533.9150910003, "exporter_gdp_per_capita_usd": 34757.71939879189, "avg_applied_tariff_pct": 17.45713769111111, "avg_mfn_tariff_pct": 17.45713769111111, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null }, "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/KOR-BLZ/risk", "html": "https://www.yugalinks.com/trade/corridor/KOR-BLZ/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/KOR-BLZ/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/KOR-BLZ/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/KOR-BLZ/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" } }