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2022
Flag → Flag
Exports $113kRnk 204 / 222
2022
Flag → Flag
Top Product $113kPackaged Medicaments
2022
Flag → Flag
Exports $146kRnk 44 / 86
2022
Flag → Flag
Top Product $83.4kOscilloscopes
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-North Korea Trade: In 2022, Belgium exported $113k to North Korea. The main products that Belgium exported to North Korea were Packaged Medicaments ($113k) and Medical Instruments ($18). Over the past 6 years the exports of Belgium to North Korea have decreased at an annualized rate of 42.5%, from $3.14M in 2016 to $113k in 2022.

In 2022, Belgium did not export any services to North Korea.

North Korea-Belgium Trade: In 2022, North Korea exported $146k to Belgium. The main products that North Korea exported to Belgium were Oscilloscopes ($83.4k), Other Measuring Instruments ($59.3k), and Thermostats ($955). Over the past 6 years the exports of North Korea to Belgium have increased at an annualized rate of 73.3%,  from $9.33k in 2016 to $146k in 2022.

In 2022, North Korea did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Belgium exported €3.36k and imported €6 from North Korea, resulting in a positive trade balance of €3.36k. Between June 2023 and June 2024 the exports of Belgium have decreased by €-28.4k (-89.4%) from €31.8k to €3.36k, while imports decreased by €-6.49k (-99.9%) from €6.5k to €6.

Trade In June 2024, the top exports of Belgium to North Korea were . In June 2024 the top imports of Belgium from North Korea were .

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-28.4k(-89.4%)
IMPORT GROWTH (July 2023 - July 2024)€-6.49k(-99.9%)

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

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

For full datasets download visit Bulk Download page.

Explore North Korea and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $113k to North Korea. The main products exported from Belgium to North Korea were Packaged Medicaments ($113k) and Medical Instruments ($18). During the last 6 years the exports of Belgium to North Korea have decreased at an annualized rate of 42.5%, from $3.14M in 2016 to $113k in 2022.

In 2017, North Korea exported $146k to Belgium. The main products exported from North Korea to Belgium were Oscilloscopes ($83.4k), Other Measuring Instruments ($59.3k), and Thermostats ($955). During the last 5 years the exports of North Korea to Belgium have increased at an annualized rate of 73.3%, from $9.33k in 2022 to $146k in 2017.

Exports from Belgium (Flag) to North Korea (Flag) (2022)

Exports from North Korea (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
North Korea
Top DestinationChina$131M

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

In 2022, countries that imported more from Belgium than North Korea included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, no countries were registered that imported more from North Korea than from Belgium.

Difference in imports from North Korea (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - North Korea

Flow
Scale

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

During 2022, Belgium had a large net trade with North Korea in the exports of N/A.

During 2017, North Korea had a large net trade with Belgium in the exports of Instruments ($144k), Paper Goods ($914), and Plastics and Rubbers ($678).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and North Korea (Flag) (2022)

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