2023
Flag
 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

North Korea-Belgium Trade: In 2023, North Korea exported $9.61k to Belgium. The main products that North Korea exported to Belgium were Non-Mechanical Removal Machinery ($7.03k), Cars ($2.17k), and Leather Apparel ($407). Over the past 6 years the exports of North Korea to Belgium have increased at an annualized rate of 0.49%, from $9.33k in 2017 to $9.61k in 2023.

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

Belgium-North Korea Trade: In 2023, Belgium exported $34.4k to North Korea. The main products that Belgium exported to North Korea were Dyeing Finishing Agents ($34.4k). Over the past 6 years the exports of Belgium to North Korea have decreased at an annualized rate of 29.8%,  from $201k in 2017 to $34.4k in 2023.

In 2023, Belgium 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Korea exported $9.61k to Belgium. The main products exported from North Korea to Belgium were Non-Mechanical Removal Machinery ($7.03k), Cars ($2.17k), and Leather Apparel ($407). During the last 6 years the exports of North Korea to Belgium have increased at an annualized rate of 0.49%, from $9.33k in 2017 to $9.61k in 2023.

In 2018, Belgium exported $34.4k to North Korea. The main products exported from Belgium to North Korea were Dyeing Finishing Agents ($34.4k). During the last 5 years the exports of Belgium to North Korea have decreased at an annualized rate of 29.8%, from $201k in 2023 to $34.4k in 2018.

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

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

Latest Data

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

Belgium Exports

Market Competitiveness

Color
North Korea
Top Destination
China$292M
Belgium
Top Destination
France$85.6B

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

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

In 2023, countries that imported more from Belgium than North Korea included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage North Korea - Belgium

Flow
Scale

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

During 2023, North Korea had a large net trade with Belgium in the exports of Machines ($7.03k), Transportation ($2.17k), and Animal Hides ($407).

During 2018, Belgium had a large net trade with North Korea in the exports of Chemical Products ($34.4k).

Economic Complexity

Competitive Landscape

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

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

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