North Korea’s export market largely consists of natural resources such as minerals, timber, coal and agricultural goods. Mineral exports such as lead and zinc, as well as anthracite coal rank as the major exports, accounting for nearly 70% of the total export market. These minerals are not only vital to their economy, but they are essential components in the manufacture of many commercially available products such as batteries, rocket fuel, and even military weapons.
North Korea also exports a variety of textiles, garments, and electronic goods. It goes without saying that these products are all produced under questionable conditions and questionable labor practices, but these products still find their way into the global marketplace. Among these goods, North Korea also ex-ports pharmaceutical products, leather products, and leather footwear. All of these are usually produced on a smaller scale and some of them are of surprisingly high quality.
Fruit and Vegetables
Apart from the aforementioned exports, North Korea also has a notable presence in the global agricultural export market. From fruits such as apples and pears to vegetables such as potatoes, the country supplies a variety of food products for the international market. In addition to that, North Korea also exports a number of processed foods, beer and wine, seafood, and even honey. These products are incredibly popular in East Asia, as they are seen as a reliable source of food and beverages.
Nuclear and Military Equipment
Though North Korea does not openly admit it, the country is known to have a small but significant arms trade. They export nuclear and military related equipment to various countries in exchange for foreign currency and political influence. This includes items such as ballistic missiles, tanks, small arms, and even nuclear weapons. This activity is strictly prohibited by most countries, but North Korea continues to export these items nonetheless.
Minerals, Precious Metals, and Gems
In addition to minerals and metals used in industrial and manufacturing processes, North Korea exports a variety of precious metals such as gold, platinum, and palladium. These high value items are incredibly popular in the international market, as they can be sold for a premium. What’s more, North Korea also exports a number of precious gems, such as diamonds and sapphires. These gems are also widely sought after, due to their rarity and beauty.
Transportation Equipment
Though North Korea has a limited domestic aviation industry, the country does produce several types of transportation equipment for export purposes. These include aircraft, ships, engines and related parts, and even boats and other waterborne vehicles. North Korea routinely exports these items to various nations around the world, though their quality and reliability are usually questionable.
Maritime Equipment
Finally, North Korea exports a variety of maritime equipment for both recreational and commercial purposes. This includes fishing vessels, fishing boats, and even tents and diving suits. All of these are incredibly popular in East Asia, as they are efficient and relatively inexpensive. In addition to maritime equipment, the North Korean government also exports weapons such as torpedoes, depth charges, and submarines.
In conclusion, North Korea’s export market is incredibly varied and diverse. While the country is still largely closed off to the outside world, they do manage to export a number of products to various countries around the world. However, it is important to note that many of these goods are of questionable quality and reliability, and should be carefully vetted before purchase.
