What does North Korea export to India?

Minimum wage in North Korea 2020

South Korea is a member of the following international economic organizations: IMF, Asia-Pacific Economic Cooperation (APEC), OECD, G-20, Association of Southeast Asian Nations (ASEAN) (dialogue partner), ITC, WTO, among others. For a complete list of economic and other international organizations in which South Korea participates, click here. South Korea’s membership in international organizations is also listed here.

South Korea is a member of the Regional Comprehensive Economic Partnership (RCEP), signed on November 15, 2020. A complete and updated list of free trade agreements signed by South Korea can be found here.

Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles for the transport of >= 10 persons of heading 8702).

What products does North Korea export?

The main exports are minerals, metallurgical products, manufactured goods (including armaments), textiles, and agricultural and fishing products. Imports include petroleum, coal, machinery and equipment, textiles and grain.

Who trades with North Korea?

North Korea’s top export destinations include China at $2.3 billion; India at $97.8; Pakistan at $43.1; Burkina Faso at $32.8; and a handful of other Asian countries at $26.7.

What does South Korea export the most?

The country mainly exports electrical equipment (14.6% of total exports), vehicles (7.5%), petroleum oils (7.2%) and vehicle parts and accessories (3.5%). Its main imports are petroleum oils (14%), electrical equipment (7.1%), gas (4.8%), hydrocarbons (3.4%), and coal (3.1%).

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GDP North Korea

South Korea is a member of the following international economic organizations: IMF, Asia-Pacific Economic Cooperation (APEC), OECD, G-20, Association of Southeast Asian Nations (ASEAN) (dialogue partner), ITC, WTO, among others. For a complete list of economic and other international organizations in which South Korea participates, click here. South Korea’s membership in international organizations is also listed here.

South Korea is a member of the Regional Comprehensive Economic Partnership (RCEP), signed on November 15, 2020. A complete and updated list of free trade agreements signed by South Korea can be found here.

Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles for the transport of >= 10 persons of heading 8702).

How poor is North Korea?

About 40% of North Korea’s population lives below the poverty line. Due to the natural disasters that hit the country, poverty is very severe and getting worse and worse.

What products does Korea export to Mexico?

The main products exported from Mexico to South Korea were Crude Petroleum Oils or Bituminous Ore Oils ($2.47MM), Zinc Ores and Concentrates ($290M), and Lead Ores and Concentrates ($290M). ($2.47MM), Zinc Ores and Concentrates ($290M), and Lead Ores and Concentrates.

What does Mexico export to North Korea?

99.2% of what our country sells to North Korea is Refined Oil (45.3 million dollars). In fact, in 2015, Mexico was its main oil supplier. The other products that Mexico exports and their value: Telephones (0.26%) 118,000 dollars.

Requirements for exporting to North Korea

Although North Korea is always spoken of as a country isolated from the world, the truth is that in 2016 it exported US$ 5.37 billion and imported products for US$ 6.29 billion, according to what was reported by MIT’s Observatory of Economic Complexity (although it is far from the US$ 133 billion in exports from Chile in 2016). Its main trading partner is China (in 2015, 83% of its exports went there).

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That answer, however, was not consistent with a Customs file on its same statistics portal, where links to Excel documents with import and export information appear.

According to this information, the Chilean products that interest the North Koreans are mainly fishmeal, molybdenum (exported by Codelco) and wood veneer, although there is also an important export of telecommunications services.

These are not the products that interest Chile: the Comex CCS Portal reports that, in 2017, Chile imported products of North Korean origin for a total of US$ 305 thousand. The most purchased were electrical appliances and household electrical goods, such as washing machines; steel products and automotive spare parts.

What does Korea export to China?

Traditionally, the main product exported by North Korea to China is coal (although in the last year it was one of the items affected by sanctions), followed by textiles, iron, lead and other minerals.

What are Russia’s main trading partners?

China and Germany are the Russian Federation’s two main trading partners. Ukraine, Japan and the United States are also important suppliers. The Netherlands (in first position) and Italy also stand out as customer countries.

What is North Korea’s economy?

North Korea’s economy is highly centralized and revolves around the national political ideology of Juche and socialism, placing great importance on the country’s self-sufficiency. However, foreign investment is also sought after and there are several special economic zones in the country.

North Korean economy 2021

Despite all this, the relationship is far from similar in the opposite direction. North Korea accounts for just 0.18% of Chinese imports, while the United States and South Korea are the main supplier markets for Xi Jianping’s administration, with a combined share of 20%. The same is true for exports: the United States is China’s best customer, accounting for 19% of its sales. It is far behind Hong Kong (12%), Japan (6.4%), Germany (4.1%) and South Korea (3.8%).

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In any case, the relationship between North Korea and China is obvious both in terms of ideological affinity and historical relevance and situation. Although renouncing trade with its neighbor may be a simple task from a commercial point of view, it is not so simple from a strategic point of view.

The top five North Korean customers are completed by Pakistan (1.5% share, with iron as the main product), Burkina Faso (1.2%, mainly oil) and Saudi Arabia (0.89%, with a varied distribution: cars, air conditioners, pipes, telephones…). The case of Burkina Faso is particularly striking, and exemplifies the profitable relationship between the Asian dictatorship and the African countries it supported during their decolonization processes.