2023
Flag
 GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC
$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195

About

North Korea-Thailand Trade: In 2023, North Korea exported $111k to Thailand. The main products that North Korea exported to Thailand were Integrated Circuits ($92.8k), Electrical Transformers ($18.1k), and Documents of title (bonds etc) and unused stamps ($29). Over the past 5 years the exports of North Korea to Thailand have decreased at an annualized rate of 19.8%, from $334k in 2018 to $111k in 2023.

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

Thailand-North Korea Trade: In 2023, Thailand exported $1.38k to North Korea. The main products that Thailand exported to North Korea were Other Small Iron Pipes ($769) and Iron Pipe Fittings ($607). Over the past 5 years the exports of Thailand to North Korea have decreased at an annualized rate of 70.3%,  from $595k in 2018 to $1.38k in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Korea exported $111k to Thailand. The main products exported from North Korea to Thailand were Integrated Circuits ($92.8k), Electrical Transformers ($18.1k), and Documents of title (bonds etc) and unused stamps ($29). During the last 5 years the exports of North Korea to Thailand have decreased at an annualized rate of 19.8%, from $334k in 2018 to $111k in 2023.

In 2018, Thailand exported $1.38k to North Korea. The main products exported from Thailand to North Korea were Other Small Iron Pipes ($769) and Iron Pipe Fittings ($607). During the last 5 years the exports of Thailand to North Korea have decreased at an annualized rate of 70.3%, from $595k in 2023 to $1.38k in 2018.

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

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

Latest Data

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

Thailand Exports

Market Competitiveness

Color
North Korea
Top Destination
China$292M
Thailand
Top Destination
United States$58.5B

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

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

In 2023, countries that imported more from Thailand than North Korea included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage North Korea - Thailand

Flow
Scale

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

During 2023, North Korea had a large net trade with Thailand in the exports of Machines ($111k) and Paper Goods ($29).

During 2018, Thailand had a large net trade with North Korea in the exports of Metals ($1.38k).

Economic Complexity

Competitive Landscape

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

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

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