North Korea (PRK) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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North Korea-Mongolia Trade: In 2021, North Korea exported $18 to Mongolia. The main products that North Korea exported to Mongolia were N/A. Over the past 5 years the exports of North Korea to Mongolia have decreased at an annualized rate of 86.4%, from $383k in 2016 to $18 in 2021.

In 2021, North Korea did not export any services to Mongolia.

Mongolia-North Korea Trade: In 2021, Mongolia exported $130k to North Korea. The main products that Mongolia exported to North Korea were N/A. Over the past 5 years the exports of Mongolia to North Korea have decreased at an annualized rate of 24.3%, from $692k in 2016 to $130k in 2021.

In 2021, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, North Korea exported $18 to Mongolia. There were not main exports from North Korea to Mongolia in 2021. During the last 5 years the exports of North Korea to Mongolia have decreased at an annualized rate of 86.4%, from $383k in 2016 to $18 in 2021.

In 2015, Mongolia exported $130k to North Korea. There were not main exports from Mongolia to North Korea in 2015. During the last 5 years the exports of Mongolia to North Korea have decreased at an annualized rate of 24.3%, from $692k in 2020 to $130k in 2015.

Exports from North Korea () to Mongolia () (2021)

Exports from Mongolia () to North Korea () (2021)

Latest Data

Trade between North Korea () and Mongolia ()

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Korea
Top DestinationChina$131M

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from North Korea than Mongolia included Senegal ($26.9M), Nigeria ($14M), and Poland ($9.58M).

In 2022, countries that imported more from Mongolia than North Korea included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage North Korea - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, North Korea had a large net trade with Mongolia in the exports of .

During 2015, Mongolia had a large net trade with North Korea in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from North Korea () to Mongolia () (2021)

Exports from Mongolia () to North Korea () (2021)

Latest Data

Trade between North Korea () and Mongolia ()

Mongolia Exports

Market Competitiveness

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

Comparative Advantage North Korea - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Korea () and Mongolia () (2021)

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