D.P.R.Korea Export Data

D.P.R.Korea's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: China is by far the largest trade partner for D.P.R.Korea, with significant trade also conducted with Russia and other countries under strict trade conditions.

• Top 5 Imports: Crude oil, food products, machinery, textiles, and pharmaceuticals represent the bulk of imports, collectively accounting for over 70% of total imports.

• Top 5 Exports: Coal, iron ore, textiles, seafood, and precious metals make up the primary exports, comprising more than 75% of total exports.

• Trade Balance: D.P.R.Korea typically runs a trade deficit, with imports outpacing exports. Sanctions and limited trade partners contribute to this imbalance.

• Trade Policy: Trade is heavily regulated by the state, with strict controls over imports and exports, often in response to international sanctions.

Domestic Market

• Consumer Spending: Consumer spending is limited due to economic conditions, with the majority of the population facing challenges in accessing goods beyond basic necessities.

• Inflation & Interest Rates: High inflation is a persistent issue, affecting purchasing power. The central bank's ability to set or influence interest rates is limited.

• Supply Chain: Supply chains are vulnerable to disruptions due to sanctions, transportation limitations, and a lack of investment in infrastructure.

• Industry Performance: Key industries such as mining, textiles, and agriculture are operational but face significant challenges in modernization and efficiency.

Overall Outlook

In the face of economic sanctions and global pressures, D.P.R.Korea's economy remains resilient but constrained. Strategic adjustments in trade and industry could offer opportunities for future development.