North Korean industry is operating at only a small fraction of his capacity owing to the lack of fuel, spare parts, and other inputs;
North Korean agriculture and fisheries: 21.6% of the gross domestic product;
Index of Economic Freedom (Heritage) of North Korea score is 1, making the least free economy in the Index.
North Korea
ranks last out of forty-one countries in the Asia-Pacific region.
The Communist Party controls every aspect of the North Korean economic activity;
North Korea has the highest percentage of military personnel per capita in the World;
North Korean GDP (nominal): 40,000 million dollars.
International Trade of North Korea.
North Korean Government controls all imports and exports, and formal trade is minimal;
North Korea usually does not welcome foreign direct investment;
Total North Korean Exports: 2.06 billion dollars;
The main North Korean exports products are minerals, non-ferrous metals, garments, chemicals/plastics, machinery/electric and electronic products, animal products, wood products, vegetable products, and precious metals;
Most of the exported products from the Kaesong Industrial Complex are distributed in South Korea; a small quantity, 18% of the Kaesong Industrial Complex products is exported to international markets;
International Trade between the North and South Korea, legalized in 1988, had risen to near 1.68 billion dollars, much of it related to out-processing or assembly work undertaken by firms of South Korea in the Kaesong Industrial Complex;
Imports of the Democratic People's Republic of Korea: 3.58 billion dollars;
Top North Korean import products are minerals, petroleum, machinery/electronics, vegetable products, textiles, chemicals, non-ferrous metals, plastics, vehicles, and animal products;
The largest North Korean trade partners are China, South Korea, Singapore, India, and Russia;
China is the largest foreign direct investment source (FDI).
The Democratic People's Republic of Korea also expanded its bilateral diplomatic ties, establishing diplomatic relations with Italy, the Philippines, Australia, Canada, the UK, Germany, and many other European Countries.
Korean language:
(c) EENI Global Business School (1995-2023)
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