- overview
- strengths
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- Indian Mission
DPRK interested in importing consumer goods on ‘deferred payment' or barter basis
18th largest producer of iron and zinc
India's exports to DPRK stand at US$ 0.34 mn
India's imports from DPRK stand at US$ 5.26 mn
India supports all efforts to bring about peace and stability in the Korean Peninsula through dialogue and diplomacy
US$ 41mn
FDI inflows from Apr 2000 to March 2021
US$ 5.60mn
is bilateral trade value in 2021-2022
44.62%
Increase in exports from India to DPRK
Focus
on heavy industry manufacturing
Active
Construction sector
12th
largest producer of copper and salt in Asia
22nd
largest coal reserves in the world
Major producer of
lead, tungsten, graphite, magnesite, gold, pyrites, fluorspar, and hydropower
India's Exports and Imports to Democratic People's Republic of Korea
Source: Department of Commerce
Country / Region: KOREA DP RP
Dated: 23/01/2023
Values in US $ Millions
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 57.55 | 26.99 | 8.97 | 2.79 | 0.34 |
| 2. | %Growth | -53.11 | -66.75 | -68.86 | -87.87 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 |
| 6. | IMPORT | 25.08 | 3.01 | 3.47 | 1.41 | 5.26 |
| 7. | %Growth | -87.98 | 15.11 | -59.26 | 272.00 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11. | TOTAL TRADE | 82.63 | 30.00 | 12.44 | 4.21 | 5.60 |
| 12. | %Growth | -63.69 | -58.53 | -66.18 | 33.00 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| 16. | TRADE BALANCE | 32.47 | 23.97 | 5.50 | 1.38 | -4.92 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
Embassy of India, Pyongyang
hoc.pyongyang.mea.gov.in
+850-2-381-7215/74
6, Munsudong, District Daedonggang, Pyongyang, DPR Korea
