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North Korea B2B Marketplace – Connect With Leading Manufacturers And Suppliers



North Korea is a country located in East Asia. It is also known as the Democratic People’s Republic of Korea. It makes up the northern half of the Korean Peninsula. Also, North Korea shares borders with Russia and China to the north and South Korea to the south. Basically, the border with South Korea is disputed since both countries claim the entirety of the Korean Peninsula. Its western border is formed by the Yellow Sea. However, the eastern border is shared with the Sea of Japan.

The country has maintained the most versatile and centralized economies in the world from the 1940s. In all these years, the state has followed the Soviet pattern consisting of five-year plans, which has the main goal of achieving self-sufficiency. North Korea depends on the structural profile, which mainly focuses on industrialism. Industry and human development contributes to half of the GDP. Currently, the economy is developing to a great extent despite the sanctions.

Why Choose North Korea B2B Marketplace?



North Korea ranked 184th economy in the world for dealing in high-quality exports in 2020. The same year it also ranked 186th economy for importing goods from all over the world.

The country is famous for accepting a wide variety of imports from different parts of the world. Some of the leading import items that come in the country are wheat flours ($37.6 M), soybean oil ($70.1 M), processed tobacco ($22 M), raw sugar ($34.5 M), and packaged medicaments ($21.9 M). These items are often imported from India, China, Democratic Republic of the Congo, Russia, and Switzerland.

North Korea highly depends on a huge variety of exports. This includes electric batteries ($16.9 M), electrical insulators ($17.5 M), ferroalloys ($10.4 M), electricity ($11.8 M), and video displays ($9.69 M). These items are often exported to countries like Poland, China, Burma, Luxembourg, and Nigeria.

Apart from this, the country offers impressive export opportunities to both established and emerging businesses. These opportunities are highly focused on exporting printed circuit boards, telephones, cast or rolled glass, broadcasting accessories, and semiconductor devices.

Get In Touch With Us



North Korea is one of the economies, which is strong enough in terms of trade. The manufacturing businesses here are thriving and thus, more opportunities are provided to the emerging setups. If you are looking for a platform to get started with North Korea, Exporthub is the name. It is the online B2B platform which encourages businesses to promote locally-made products. With this step, you can increase the value of your economy and bring various other opportunities to the country.

The North Korea B2B marketplace is something you should not ignore. If you want any kind of business consultancy or understanding regarding the market, feel free to contact us. We have the best team on board who can guide you in every manner. Become a valuable part of North Korea’s leading manufacturing industry today. Connect with the leading North Korea manufacturers and suppliers and make your business achieve the heights. Reach out to us now for any queries and suggestions. Give us a call on +1-214-306-7737 or email us at [email protected] for a professional discussion on the business matter. It is time to make your business grow in the international market.
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