North Korea (PRK) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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North Korea-Nicaragua Trade: In 2023, North Korea exported $22.5k to Nicaragua. The main products that North Korea exported to Nicaragua were Cellulose ($16.3k), Ink ($3.09k), and Rubber Pipes ($888). Over the past 5 years the exports of North Korea to Nicaragua have decreased at an annualized rate of 39.5%, from $277k in 2018 to $22.5k in 2023.

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

Nicaragua-North Korea In N/A, Nicaragua did not export any products to North Korea.

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

Comparison In 2023, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Korea exported $22.5k to Nicaragua. The main products exported from North Korea to Nicaragua were Cellulose ($16.3k), Ink ($3.09k), and Rubber Pipes ($888). During the last 5 years the exports of North Korea to Nicaragua have decreased at an annualized rate of 39.5%, from $277k in 2018 to $22.5k in 2023.

Nicaragua does not register exports to North Korea. The main products exported from Nicaragua to North Korea were Rolled Tobacco ($28.3k).

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Korea
Top DestinationChina$292M

Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from North Korea than Nicaragua included China ($292M), Angola ($10.2M), and Austria ($10.1M).

In 2023, countries that imported more from Nicaragua than North Korea included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

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

Comparative Advantage North Korea - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Korea had a large net trade with Nicaragua in the exports of Plastics and Rubbers ($17.2k), Chemical Products ($3.61k), and Transportation ($681).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage North Korea - Nicaragua

Economic Complexity

Competitive Landscape

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

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