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27 September 2024
Kunal
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Key Indicators
Overview
North Korea Import Trade Overview
Introduction:
North Korea's import market is crucial for sustaining key sectors that are vital for meeting the nation's demands and industrial needs. Despite the isolated economic policies, there are niches where global exporters might find opportunities to enter the North Korean market.
Economic Overview:
North Korea’s economy is highly centralized and state-controlled, predominantly relying on manufacturing, military products, and agriculture. The country is ranked low globally in terms of GDP, and imports are essential for supplementing domestic shortages, particularly in consumer goods and technology. Efforts toward economic self-reliance continue, but there remains a dependency on imports for critical sectors.
Political and Regulatory Environment:
The political environment in North Korea is tightly controlled with significant implications for its import policies and economic stability. The country operates under stringent import regulations and trade is heavily influenced by international sanctions and its diplomatic stance. Recent years have not seen significant changes in trade policies, reflecting a stable yet restrictive market environment.
Opportunities and Challenges for Exporters:
Opportunities might exist in sectors where domestic production is insufficient, such as agricultural machinery, medical supplies, and energy solutions. However, challenges include navigating sanctions, limited market data, and complex regulatory frameworks that govern trade and foreign investment.
Top 10 Import Products:
- Petroleum products (HS code: 2710) - Crucial for transportation and industry.
- Coal (HS code: 2701) - Important for energy and heating.
- Wheat (HS code: 1001) - Essential for food security.
- Electrical machinery (HS code: 8501) - Needed for industrial modernization.
- Vehicle parts (HS code: 8708) - Support for limited automotive production.
- Synthetic fabrics (HS code: 5407) - Used in textile manufacturing.
- Pharmaceuticals (HS code: 3004) - Vital for public health.
- Rubber tires (HS code: 4011) - Crucial for transportation needs.
- Iron and steel (HS code: 7202) - Fundamental for construction and manufacturing.
- Plastic products (HS code: 3901) - Diverse industrial and consumer applications.
Top Buyers:
KOREAN AIRLINES CO LTD, TRADING COMPANY SEBONG SAEBONG TRADING COMPANY, RYONSUNG TRADING
Solution for Global Exporters:
Global exporters should consider utilizing Volza’s online import data for North Korea to navigate this complex market. Volza provides tools to discover import trends and opportunities, helping exporters understand the limited but potentially valuable trade prospects within minutes.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
North Korea
Import Data
Import Data
218,974 Bill of Ladings, 2,226 Buyers & 4,990 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the North Korea Import market Identify verified and active business partners in North Korea
North Korea Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
BALL POINT PEN TIPS OF BRASS WIRE PARTS |   India | India | 18-04-2024 |
LOADCELL-PARTS OF WEIGHING SENSORS | 27-03-2024 | ||
GNA AXLES | India | India | 27-03-2024 |
SSDR,256G,P44,30S3,HYNIX,BC901 | India | India | 22-03-2024 |
ASSY, DUAL 24V MODULE,KDM-R | India | India | 08-03-2024 |
ASSY,INVERTER,MM,YAMUNA-R | India | India | 08-03-2024 |
Top 10 Importers
North Korea Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in North Korea. To assist you in identifying the leading importers in North Korea, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in North Korea are companies like LG DISPLAY CO LTD PAJU, WALVOIL FLUID POWER KOREA , and ELAND WORLD LTD. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
North Korea Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 417 | |
2 | 415 | |
3 | 367 | |
4 | 255 | |
5 | 234 | |
6 | 232 | |
7 | 227 | |
8 | 211 | |
9 | 204 | |
10 | 196 |
Data Source : Volza Import Data
Top 10 Import Products
North Korea Top 10 Import Products
As the North Korea import data reveals, the nation's top import products for 2024 were prominently characterized by:- Automobile Component: 34.37%
- Led Part For Led: 19.95%
- Presenter Box: 19.08%
- Valve Solenoid: 8.87%
- Seat Belt: 6.73%
- Used Compressor: 5.84%
- Pipe With Flange: 4.50%
- Cefixime : 0.36%
- Ayurvedic Medicine: 0.30%
- Poly Core Sewing Thread: 0.01%
North Korea Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | Automobile Component | 4,108,511 |
2 | LED Part for LED | 2,385,066 |
3 | PRESENTER BOX | 2,280,631 |
4 | Valve Solenoid | 1,060,074 |
5 | Seat Belt | 805,043 |
6 | Used Compressor | 698,026 |
7 | PIPE WITH FLANGE | 537,844 |
8 | Cefixime | 42,618 |
9 | AYURVEDIC MEDICINE | 35,452 |
10 | Poly Core Sewing Thread | 1,545 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of North Korea
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
North Korea Top 1 Import Trading Partners
North Korea trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 16,544).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that North Korea had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. North Korea import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, North Korea’s major imports from India include PRESENTER BOX, Automobile Component, Valve Solenoid, AYURVEDIC MEDICINE, LED Part for LED, Cefixime , PIPE WITH FLANGE, Used Compressor, Seat Belt, Poly Core Sewing Thread, products. The provided chart below breaks down the values in percentile of North Korea’s top 1 import partners for 2024.
North Korea Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
North Korea Import Data Sample record
North Korea import data covers all important shipping details that are essential for businesses to find importers in North Korea, analyze market trends and identify potential industries. North Korea trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View North Korea import data sample with complete number of fields available in data.
North Korea Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 18 Apr 2024
- HS Code:
- 96089191
- Quantity:
- 6,000
- Quantity Unit:
- PCS
- Value FC:
- 42,240
- Value:
- HS Descirption:
- Ball point pens; felt tipped and other porous-tipped pens and markers; fountain pens; stylograph pens and other pens; duplicating stylos; propelling or sliding pencils; pen holders, pencil holders and similar holders; parts (including caps and clips) of t
- Exporter:
- ESSEM TECNOPINZ PVT LTD
- Importer:
- SOUTH THIEN LONG MANUFACTURING
Data Source : Volza Import Data
North Korea Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
North Korea Top 10 Import Ports
North Korea's global import trade operates through over 10 ports. Busan stands as the predominant port, handling 4,263 import shipments, which constitutes a 27.35% market share. Seoul follows with an 18.98% share, accounting for 2,958 shipments, while Saint Brevin Locean contributes a 13.61% market share with its 2,121 shipments. For detailed import trade statistics of each port in North Korea, refer to the provided links below. Collectively, these ports underscore the integrated nature of North Korea's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across North Korea.
North Korea Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of North Korea
- 218,974
- Date
- 18-04-2024
- Shipper Name
- EVERSHARP- A DIVISION OF ART CORP
- Consignee Name
- ESSEM TECNOPINZ PVT LTD
- Consignee Address
- N/A N/A
- Weight Unit
- THD
- Quantity
- 6,000
- Shipment Origin
- India
- Port of origin
- Bombay Air