2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Austria-North Korea Trade: In 2020, Austria exported $191k to North Korea. The main products that Austria exported to North Korea were N/A. Over the past 5 years the exports of Austria to North Korea have increased at an annualized rate of 4.06%, from $157k in 2015 to $191k in 2020.

In 2020, Austria did not export any services to North Korea.

North Korea-Austria Trade: In 2020, North Korea exported $10.1M to Austria. The main products that North Korea exported to Austria were Electrical Transformers ($3.77M), Broadcasting Equipment ($2.15M), and Other Stone Articles ($1.1M). Over the past 5 years the exports of North Korea to Austria have increased at an annualized rate of 51.7%,  from $1.26M in 2015 to $10.1M in 2020.

In 2020, North Korea did not export any services to Austria.

Comparison In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56),  and 31 in total exports ($204B). That same year, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Austria exported $191k to North Korea. There were not main exports from Austria to North Korea in 2020. During the last 5 years the exports of Austria to North Korea have increased at an annualized rate of 4.06%, from $157k in 2015 to $191k in 2020.

In 2018, North Korea exported $10.1M to Austria. The main products exported from North Korea to Austria were Electrical Transformers ($3.77M), Broadcasting Equipment ($2.15M), and Other Stone Articles ($1.1M). During the last 5 years the exports of North Korea to Austria have increased at an annualized rate of 51.7%, from $1.26M in 2023 to $10.1M in 2018.

Exports from Austria (Flag) to North Korea (Flag) (2023)

Exports from North Korea (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and North Korea (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
North Korea
Top Destination
China$292M

This map shows whether countries import more from Austria or North Korea. Each country is colored based on the difference in imports they receive from Austria and North Korea or the difference in the growth in imports.

In 2023, countries that imported more from Austria than North Korea included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from North Korea than Austria included Fiji ($3.88M), Liberia ($5.74M), and Suriname ($2.33M).

Difference in imports from North Korea (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - North Korea

Flow
Scale

This chart compares trade between Austria and North Korea by product, considering products traded by both, Austria and North Korea.

During 2020, Austria had a large net trade with North Korea in the exports of .

During 2018, North Korea had a large net trade with Austria in the exports of Machines ($7.54M), Stone And Glass ($1.11M), and Chemical Products ($938k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and North Korea. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and North Korea (Flag) (2023)

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