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 / 195
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195

About

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 6 years the exports of Thailand to North Korea have decreased at an annualized rate of 69.5%, from $1.71M in 2017 to $1.38k in 2023.

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

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 6 years the exports of North Korea to Thailand have decreased at an annualized rate of 19.8%,  from $334k in 2017 to $111k in 2023.

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

Comparison In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96),  and 25 in total exports ($332B). That same year, North Korea ranked 172 in total exports ($397M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 6 years the exports of Thailand to North Korea have decreased at an annualized rate of 69.5%, from $1.71M in 2017 to $1.38k in 2023.

In 2018, 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 2023 to $111k in 2018.

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

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

Latest Data

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

Thailand Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Thailand - North Korea

Flow
Scale

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

During 2023, Thailand had a large net trade with North Korea in the exports of Metals ($1.38k).

During 2018, North Korea had a large net trade with Thailand in the exports of Machines ($111k) and Paper Goods ($29).

Economic Complexity

Competitive Landscape

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

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

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