India (IND) and North Korea (PRK) Trade | The Observatory of Economic Complexity

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India-North Korea Trade: In 2023, India exported $1.88M to North Korea. The main products that India exported to North Korea were Raw Aluminium ($1.65M), Packaged Medicaments ($47.6k), and Plastic Lids ($43.7k). Over the past 5 years the exports of India to North Korea have decreased at an annualized rate of 43%, from $31.4M in 2018 to $1.88M in 2023.

In 2023, India did not export any services to North Korea.

North Korea-India Trade: In 2023, North Korea exported $1.07M to India. The main products that North Korea exported to India were Iron Wire ($152k), Antiknock ($139k), and Jewellery ($85.3k). Over the past 5 years the exports of North Korea to India have decreased at an annualized rate of 25.9%, from $4.8M in 2018 to $1.07M in 2023.

In 2023, North Korea did not export any services to India.

Comparison In 2023, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

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Overview In November 2024, India exported $244k and imported $70.9k from North Korea, resulting in a positive trade balance of $173k. Between November 2023 and November 2024 the exports of India have increased by $212k (668%) from $31.8k to $244k, while imports decreased by $-43.3k (-37.9%) from $114k to $70.9k.

Trade In November 2024, the top exports of India to North Korea were Packaging Materials ($44.1k). In November 2024 the top imports of India from North Korea were Inorganic Chemicals ($40.2k) and Plastic Raw Materials ($2).

Growth In November 2024, the increase in India's year-by-year exports to North Korea was explained primarily by an increase in product exports in . In November 2024, the decrease in India's year-by-year imports from North Korea was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$212k(668%)

IMPORT GROWTH (November 2023 - November 2024)$-43.3k(-37.9%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check North Korea and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, India exported $1.88M to North Korea. The main products exported from India to North Korea were Raw Aluminium ($1.65M), Packaged Medicaments ($47.6k), and Plastic Lids ($43.7k). During the last 5 years the exports of India to North Korea have decreased at an annualized rate of 43%, from $31.4M in 2018 to $1.88M in 2023.

In 2018, North Korea exported $1.07M to India. The main products exported from North Korea to India were Iron Wire ($152k), Antiknock ($139k), and Jewellery ($85.3k). During the last 5 years the exports of North Korea to India have decreased at an annualized rate of 25.9%, from $4.8M in 2023 to $1.07M in 2018.

Exports from India () to North Korea () (2023)

Exports from North Korea () to India () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$85.5B

North Korea
Top DestinationChina$292M

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

In 2023, countries that imported more from India than North Korea included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, no countries were registered that imported more from North Korea than from India.

Difference in imports from North Korea () and India () (2023)

Comparative Advantage India - North Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, India had a large net trade with North Korea in the exports of Metals ($1.65M), Plastics and Rubbers ($73.4k), and Chemical Products ($63.7k).

During 2018, North Korea had a large net trade with India in the exports of Metals ($360k), Chemical Products ($240k), and Machines ($120k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of India and North Korea. This means that a dot/product with the flag of India 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 India.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to North Korea () (2023)

Exports from North Korea () to India () (2023)

Market Competitiveness

Difference in imports from North Korea () and India () (2023)

Comparative Advantage India - North Korea

Economic Complexity

Competitive Landscape

Product Space of India () and North Korea () (2023)

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