Asia ยท Country profile
North Korea
India-North Korea trade corridor: $8.2B bilateral trade, $6.8B FDI into India.
$8.2B
Trade with India
+10.7% YoY
$627.0B
GDP
Nominal
$6.8B
FDI into India
Cumulative
-$0.2B
Trade balance
India deficit
Top exports to North Korea
- Rice and cereals
- Machinery
- Gems and jewellery
Top imports from North Korea
- Aircraft parts
- Crude oil and LNG
- Coal and coke
Trade corridor with India
2025: $8.2B ยท 5-yr CAGR 13.1%
Goods trade in USD billion, illustrative demo figures.
Latest North Korea stories
Trade6h ago5 min read
India-North Korea bilateral trade hits a new quarterly high
FDI9h ago6 min read
North Korea investors commit fresh capital to Indian manufacturing
Policy12h ago7 min read
Revised tariff schedule for India-North Korea goods notified
Technology15h ago3 min read
India and North Korea deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 9% to 2% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 6 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-North Korea Business Forum
Dec 2026 ยท New Delhi
Delegation
Trade delegation to North Korea
Feb 2027 ยท North Korea
Buyer meet
North Korea buyers-sellers meet
Mar 2027 ยท Mumbai
Policy
Joint working group on market access
Nov 2026 ยท Virtual
Opportunity sectors
๐กS13Communications17% projected demand growth๐ฐS18Drinking Water & Sanitation Engineering23% projected demand growthโกS23Energy & Sustainability15% projected demand growth๐S28Fisheries, Animal Husbandry11% projected demand growth๐ฅS33Health and Family Welfare20% projected demand growth๐ญS38Manufacturing14% projected demand growth