Flag China / North Korea Flag

Exports Flag β†’ Flag  (2018): $2.22B, Rnk 79 / 206

Top Product Flag β†’ Flag (2018): $136M, Soybean Oil

Exports Flag β†’ Flag (2018): $182M, Rnk 1 / 82

Top Product Flag β†’ Flag (2018): $31.1M, Watch Movements

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.27, Rnk 80 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

China-North Korea: In 2018, China exported $2.22B to North Korea. The main products that China exported to North Korea are Soybean Oil ($136M), Synthetic Filament Yarn Woven Fabric ($126M), and Nitrogenous Fertilizers ($80.7M). During the last 23 years the exports of China to North Korea have increased at an annualized rate of 6.84%, from $484M in 1995 to $2.22B in 2018.

In 2018, China did not exported services to North Korea.

North Korea-China: In 2018, North Korea exported $182M to China . The main products that North Korea exported to China were Watch Movements ($31.1M), Ferroalloys ($27.7M), and Fake Hair ($22.4M). During the last 23 years the exports of China to North Korea have increased at an annualized rate of 6.84%, from $484M in 1995 to $2.22B in 2018.

In 2018, North Korea did not exported services to China.

Comparison: In 2018,  China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, North Korea ranked 80 in the Economic Complexity Index (ECI -0.27), and 167 in total exports ($291M).

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, China exported $2.22B to North Korea. The main products exported from China to North Korea were Soybean Oil ($136M), Synthetic Filament Yarn Woven Fabric ($126M), and Nitrogenous Fertilizers ($80.7M). During the last 23 years the exports of China to North Korea have increased at an annualized rate of 6.84%, from $484M in 1995 to $2.22B in 2018.

In 2018, North Korea exported $182M to China. The main products exported from North Korea to China were Watch Movements ($31.1M), Ferroalloys ($27.7M), and Fake Hair ($22.4M). During the last 23 years the exports of North Korea to China have increased at an annualized rate of 5.02%, from $59M in 1995 to $182M in 2018.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $499B

North Korea
Top Destination
: China, $182M

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

In 2018, countries that imported more from China than North Korea were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from North Korea than from China.

Comparative Advantage China - North Korea

#permalink to section
Depth

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

During 2018, China had a large net trade with North Korea in the exports of Textiles ($530M), Plastics and Rubbers ($276M), and Chemical Products ($247M).

During 2018, North Korea had a large net trade with China in the exports of Instruments ($41.5M), Mineral Products ($35.6M), and Metals ($33.7M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over North Korea. Similarly, the more red a dot/product is, the more North Korea has comparative advantage over China.