Top Export Trading Partners of North-korea - Volza

North Korea's primary export trading partners in 2023 are crucial for its economic activity. Top partners included China (80% of exports, $2.8 billion), India (5%, $175 million), Pakistan (3%, $105 million), Burkina Faso (2%, $70 million), and the Democratic Republic of the Congo (2%, $70 million).

Key exports to these countries include minerals, textiles, seafood, and machinery. Despite limited formal trade agreements due to international sanctions, informal and bilateral trade arrangements facilitate exports.

North Korea's GDP growth rate remains challenging to estimate accurately due to data restrictions, but it faces significant economic hurdles, including inflation and resource scarcity. Strategic incentives and government support, such as favorable trade terms and resource allocation, aim to sustain these trade relationships. The country's focus on mining and textile industries, along with its strategic geographic location, significantly influences its export dynamics.