North Korea (PRK) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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North Korea-Venezuela Trade: In 2013, North Korea exported $28.5M to Venezuela. The main products that North Korea exported to Venezuela were N/A. Over the past 5 years the exports of North Korea to Venezuela have decreased at an annualized rate of 32.6%, from $204M in 2008 to $28.5M in 2013.

In 2013, North Korea did not export any services to Venezuela.

Venezuela-North Korea Trade: In 2013, Venezuela exported $8.57k to North Korea. The main products that Venezuela exported to North Korea were N/A. Over the past 5 years the exports of Venezuela to North Korea have decreased at an annualized rate of 55.4%, from $5.44M in 2008 to $8.57k in 2013.

In 2013, Venezuela did not export any services to North Korea.

Comparison In 2022, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2013, North Korea exported $28.5M to Venezuela. There were not main exports from North Korea to Venezuela in 2013. During the last 5 years the exports of North Korea to Venezuela have decreased at an annualized rate of 32.6%, from $204M in 2008 to $28.5M in 2013.

In 2006, Venezuela exported $8.57k to North Korea. There were not main exports from Venezuela to North Korea in 2006. During the last 5 years the exports of Venezuela to North Korea have decreased at an annualized rate of 55.4%, from $5.44M in 2011 to $8.57k in 2006.

Exports from North Korea () to Venezuela () (2013)

Exports from Venezuela () to North Korea () (2013)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Korea
Top DestinationChina$131M

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from North Korea than Venezuela included Senegal ($26.9M), Nigeria ($14M), and Luxembourg ($6.44M).

In 2022, countries that imported more from Venezuela than North Korea included Turkey ($597M), China ($703M), and Spain ($518M).

Difference in imports from Venezuela () and North Korea () (2022)

Comparative Advantage North Korea - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2013, North Korea had a large net trade with Venezuela in the exports of .

During 2006, Venezuela had a large net trade with North Korea in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from North Korea () to Venezuela () (2013)

Exports from Venezuela () to North Korea () (2013)

Market Competitiveness

Difference in imports from Venezuela () and North Korea () (2022)

Comparative Advantage North Korea - Venezuela

Economic Complexity

Competitive Landscape

Product Space of North Korea () and Venezuela () (2013)

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