Date,
Time MSK

22.04.2016



North Korean-Russian Bilateral Trade in 2015


In 2015 North Korean-Russian bilateral trade volume decreased by 10% and reached 83.2 million USD compared to 92.2 million USD in 2014.


North Korean exports to Russia fell to 5.7 million USD (by 43%) while imports fell to 77.5 million USD (by 6%) (see Figure 1).



Figure 1. 2007-2015 North Korean-Russian bilateral trade turnover, million USD. Source: ITC Trade Map.

Figure 1. 2007-2015 North Korean-Russian bilateral trade turnover, million USD.png



North Korean exports to Russia


North Korea primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (29%)

▪ Articles of apparel, accessories, not knit or crochet (27%)

▪ Musical instruments, parts and accessories (17%)

▪ Railway, tramway locomotives, rolling stock, equipment (6%)

▪ Manmade filaments (5%)

▪ Electrical, electronic equipment (4%)

▪ Plastics and articles thereof (3%)

▪ Wadding, felt, nonwovens, yarns, twine, cordage, etc (2%)

▪ Rubber and articles thereof (2%)

▪ Machinery, nuclear reactors, boilers, etc (1%)

▪ Cereal, flour, starch, milk preparations and products (1%)

▪ Tanning, dyeing extracts, tannins, derivs,pigments etc (1%)

▪ Milling products, malt, starches, inulin, wheat gluten (1%)


In 2015 the imports of North Korean made products in Russia experienced a significant rise . The imports of manmade filaments rise by 8733%; the imports of railway, tramway locomotives, rolling stock, equipment- by 5283%.



Figure 2. Structure of North Korean Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of North Korean Exports to Russia in 2015.png



Table 1. Key products exported from North Korea to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to North Korean products

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$0

$1,668

-

0.00

5.4

62

Articles of apparel, accessories, not knit or crochet

$4,699

$1,531

-67%

0.1

14.9

92

Musical instruments, parts and accessories

$1,374

$963

-30%

1.4

7.7

86

Railway, tramway locomotives, rolling stock, equipment

$6

$323

5283%

0.00

6.7

54

Manmade filaments

$3

$265

8733%

0.00

7.6

85

Electrical, electronic equipment

$674

$251

-63%

0.00

3.4

39

Plastics and articles thereof

$407

$157

-61%

0.00

6.9

56

Wadding, felt, nonwovens, yarns, twine, cordage, etc

$106

$96

-9%

0.00

4.5

40

Rubber and articles thereof

$5

$91

1720%

0.00

7.1

84

Machinery, nuclear reactors, boilers, etc

$1,465

$83

-94%

0.00

1.7

19

Cereal, flour, starch, milk preparations and products

$0

$51

-

0.00

11.7

32

Tanning, dyeing extracts, tannins, derivs,pigments etc

$3

$43

1333%

0.00

2.7

11

Milling products, malt, starches, inulin, wheat gluten

$0

$42

-

0.00

7.3

90

Optical, photo, technical, medical, etc apparatus

$190

$22

-88%

0.00

2.9



Russian exports to North Korea


In 2015 Russia has exported to North Korea the following products (see Figure 3, Table 2):


▪ Mineral fuels, oils, distillation products, etc (83%)

▪ Wood and articles of wood, wood charcoal (4%)

▪ Cereals (4%)

▪ Milling products, malt, starches, inulin, wheat gluten (3%)

▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (3%)

▪ Pharmaceutical products (1%)


2015 showed a significant rise in Russian exports to North Korea of cereal, flour, starch, milk preparations and products (+706%). At the same time the exports of machinery, nuclear reactors, boilers (-97%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to North Korea in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to North Korea in 2015.png



Table 2. Key products exported from Russia to North Korea in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

27

Mineral fuels, oils, distillation products, etc

$33,984

$64,380

89%

14.7

44

Wood and articles of wood, wood charcoal

$3,523

$3,180

-10%

18.2

10

Cereals

$12,954

$2,720

-79%

21.2

11

Milling products, malt, starches, inulin, wheat gluten

$825

$2,294

178%

1.7

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$1,820

$1,996

10%

2.2

30

Pharmaceutical products

$192

$453

136%

0.6

73

Articles of iron or steel

$70

$298

326%

0.1

01

Live animals

$59

$257

336%

14.6

84

Machinery, nuclear reactors, boilers, etc

$7,865

$246

-97%

2.4

21

Miscellaneous edible preparations

$331

$157

-53%

2.3

25

Salt, sulphur, earth, stone, plaster, lime and cement

$443

$156

-65%

2.3

19

Cereal, flour, starch, milk preparations and products

$17

$137

706%

0.1

90

Optical, photo, technical, medical, etc apparatus

$29

$135

366%

0.1

17

Sugars and sugar confectionery

$55

$108

96%

0.6


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